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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 (TE377)

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

Products
TE 377
TE 376
Change
WMP Regular NZ – C23,9803,9351.14%
SMP Medium Heat NZ – C22,8752,8451.05%
AMF Premium 210kg drum – NZ/AU C26,6956,5402.37%
BTR Unsalted 25kg – NZ C27,5757,585-0.13%

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 1Current4,0404,185
Previous3,9504,260
Change2.28%-1.76%
Contract 2Current3,9804,075
Previous3,9354,265
Change1.14%-4.45%
Contract 3Current4,0304,135
Previous3,9654,205
Change1.64%-1.66%
Contract 4Current4,0204,115
Previous3,9654,235
Change1.39%-2.83%
Contract 5Current4,0004,095
Previous3,9104,305
Change2.30%-4.88%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current——
Previousn.sn.s
ChangeN/AN/A
Contract 2Current2,8753,030
Previous2,8452,910
Change1.05%4.12%
Contract 3Current2,9253,060
Previous2,895n.s
Change1.04%N/A
Contract 4Current2,8352,915
Previous2,840n.s
Change-0.18%N/A
Contract 5Current2,9052,905
Previous2,830n.s
Change2.65%N/A
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 1Current6,7006,625
Previous6,6006,565
Change1.52%0.91%
Contract 2Current6,6956,620
Previous6,5406,465
Change2.37%2.40%
Contract 3Current6,7606,685
Previous6,5606,630
Change3.05%0.83%
Contract 4Current6,795n.s
Previous6,6306,585
Change2.49%N/A
Contract 5Current6,6656,710
Previous6,7006,625
Change-0.52%1.28%
Contract 6Current6,7506,675
Previous——
ChangeN/AN/A

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current7,5857,660
Previous7,6307,630
Change-0.59%0.39%
Contract 2Current7,5757,615
Previous7,5857,645
Change-0.13%-0.39%
Contract 3Current7,540n.s
Previous7,6057,780
Change-0.85%N/A
Contract 4Current7,480n.s
Previous7,5357,535
Change-0.73%N/A
Contract 5Current7,3457,420
Previous7,2657,315
Change1.10%1.44%
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.