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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 (TE363)

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

Products
TE 363
TE 362
Change
WMP Regular NZ – C23,4053,500-2.71%
SMP Medium Heat NZ – C22,7302,6005.00%
AMF Premium 210kg drum – NZ/AU C27,5757,3453.13%
BTR Unsalted 25kg – NZ C26,5706,670-1.50%

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 1Current3,5903,715
Previous3,635—
Change-1.24%N/A
Contract 2Current3,4053,500
Previous3,5003,595
Change-2.71%-2.64%
Contract 3Current3,2953,395
Previous3,4003,495
Change-3.09%-2.86%
Contract 4Current3,3103,405
Previous3,3603,475
Change-1.49%-2.01%
Contract 5Current3,3053,400
Previous3,3703,465
Change-1.93%-1.88%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,790—
Previous2,640—
Change5.68%N/A
Contract 2Current2,7302,740
Previous2,6002,610
Change5.00%4.98%
Contract 3Current2,7202,720
Previous2,630n.s
Change3.42%N/A
Contract 4Current2,745n.s
Previous2,645n.s
Change3.78%N/A
Contract 5Current2,775n.s
Previous2,670n.s
Change3.93%N/A
Contract 6Current2,700n.s
Previous2,675n.s
Change0.93%N/A

Fonterra AMF Winning Prices:

Contract
US$/tonne
Premium 210 kg Drum - NZ
Regular 210 kg Drum - NZ/AU
Contract 1Current7,6307,555
Previous7,7857,270
Change-1.99%3.92%
Contract 2Current7,5757,500
Previous7,3457,270
Change3.13%3.16%
Contract 3Current7,1107,065
Previous7,1957,120
Change-1.18%-0.77%
Contract 4Current7,1007,035
Previous7,1207,045
Change-0.28%-0.14%
Contract 5Current7,0807,095
Previous7,1707,095
Change-1.26%N/A
Contract 6Current7,0007,080
Previous7,015n.s
Change-0.21%N/A

Fonterra BUTTER Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current6,690n.s
Previous6,870n.s
Change-2.62%N/A
Contract 2Current6,5706,570
Previous6,6706,670
Change-1.50%-1.50%
Contract 3Current6,5456,545
Previous6,6056,605
Change-0.91%-0.91%
Contract 4Current6,4956,495
Previous6,5306,530
Change-0.54%-0.54%
Contract 5Current6,5406,540
Previous6,4656,445
Change1.16%1.47%
Contract 6Current6,405n.s
Previous6,4806,455
Change-1.16%N/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.