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For more information on how to access the NZX Futures and Options Market, please call +64 (9) 309 3672 or email: derivatives@nzx.com.

Global Dairy Trade Price Report (TE394)

Winning prices used in NZX Futures Settlement (US$ per tonne):

Products
TE 394
TE 393
Change
WMP Regular NZ – C23,1153,330-6.46%
SMP Medium Heat NZ – C22,4602,520-2.38%
AMF Premium 210kg drum – NZ/AU C25,5605,945-6.48%
BTR Unsalted 25kg – NZ C25,0055,140-2.63%

NZX Global Dairy Commodity Futures contracts are cash settled to the Final Settlement Price calculated by NZX according to an average of the winning prices of contract two (C2) at the two GDT Events held within the relevant month in the relevant GDT product.

Fonterra WMP Winning Prices:

Contract
US$/tonne
Regular - NZ
Instant - NZ
Contract 1Current3,1103,205
Previous3,3053,400
Change-5.90%-5.74%
Contract 2Current3,1153,210
Previous3,3303,425
Change-6.46%-6.28%
Contract 3Current3,1453,240
Previous3,3203,415
Change-5.27%-5.12%
Contract 4Current3,1803,275
Previous3,3553,450
Change-5.22%-5.07%
Contract 5Current3,2753,370
Previous3,3753,485
Change-2.96%-3.30%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,4602,480
Previous2,5202,520
Change-2.38%-1.59%
Contract 2Current2,4602,480
Previous2,5202,565
Change-2.38%-3.31%
Contract 3Current2,4502,465
Previous2,5102,560
Change-2.39%-3.71%
Contract 4Current2,4602,480
Previous2,5302,600
Change-2.77%-4.62%
Contract 5Current2,5002,515
Previous2,5202,580
Change-0.79%-2.52%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra AMF Winning Prices:

Contract
US$/tonne
Premium 210 kg Drum - NZ
Regular 210 kg Drum - NZ/AU
Contract 1Current5,6905,655
Previous6,1456,070
Change-7.40%-6.84%
Contract 2Current5,5605,485
Previous5,9455,870
Change-6.48%-6.56%
Contract 3Current5,5805,505
Previous5,9255,850
Change-5.82%-5.90%
Contract 4Current5,6655,590
Previous5,7805,885
Change-1.99%-5.01%
Contract 5Current5,8505,825
Previous5,8405,765
Change0.17%1.04%
Contract 6Current5,8205,795
Previous5,880n.p
Change-1.02%3.02%

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current5,0005,000
Previous5,1955,195
Change-3.75%-3.75%
Contract 2Current5,0055,005
Previous5,1405,140
Change-2.63%-2.63%
Contract 3Current5,0205,020
Previous5,1555,195
Change-2.62%-3.37%
Contract 4Current5,2005,200
Previous5,380n.s
Change-3.35%N/A
Contract 5Current——
Previous——
ChangeN/AN/A
Contract 6Current——
Previous——
ChangeN/AN/A

In any given GDT Event the GDT website may display a range of results other than price, as explained:

  • ' – ' means that the product was not offered.
  • ‘n.s.’ (not sold) means that no product was sold.
  • ‘n.p.’ (not published) means that product was sold at the starting price, and therefore GDT cannot publish the winning price. For an explanation of this rule, see question 9 in the "Common questions" page under "About GDT" at www.globaldairytrade.info
  • 'n.a.' for the Average Winning Price means that no prices were available for that contract period (for the reasons above), and therefore no average price was applicable.

For clarification where GDT publishes ' – ' or ‘n.s.’ (not sold) NZX results will also display a '-' or 'n.s'.

Where the GDT website displays ‘n.p.’ (not published), NZX will display the starting price. Note that the NZX results page will not differentiate between prices that are equal to starting price or those that have exceeded starting prices.

'n.a.' for the Average Winning Price as displayed on the GDT website are not displayed on this results page.

Note that N/A in the table below means there has been no change between current and previous price.