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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 (TE370)

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

Products
TE 370
TE 369
Change
WMP Regular NZ – C23,8303,940-2.79%
SMP Medium Heat NZ – C22,7902,875-2.96%
AMF Premium 210kg drum – NZ/AU C27,1907,695-6.56%
BTR Unsalted 25kg – NZ C26,5206,620-1.51%

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 1Current3,8653,960
Previous3,9654,060
Change-2.52%-2.46%
Contract 2Current3,8303,930
Previous3,9404,045
Change-2.79%-2.84%
Contract 3Current3,8453,940
Previous3,9604,055
Change-2.90%-2.84%
Contract 4Current3,8503,945
Previous3,9854,080
Change-3.39%-3.31%
Contract 5Current3,8703,965
Previous4,0104,120
Change-3.49%-3.76%
Contract 6Current——
Previous——
ChangeN/AN/A

Fonterra SMP Winning Prices:

Contract
US$/tonne
Medium Heat - NZ
Low Heat - NZ
Contract 1Current2,795—
Previous2,890—
Change-3.29%N/A
Contract 2Current2,7902,795
Previous2,8752,875
Change-2.96%-2.78%
Contract 3Current2,7852,795
Previous2,8652,880
Change-2.79%-2.95%
Contract 4Current2,8202,820
Previous2,8952,905
Change-2.59%-2.93%
Contract 5Current2,8452,845
Previous2,905n.s
Change-2.07%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 1Current7,4707,365
Previous7,6957,595
Change-2.92%-3.03%
Contract 2Current7,1907,115
Previous7,6957,620
Change-6.56%-6.63%
Contract 3Current7,3007,275
Previous7,5407,465
Change-3.18%-2.55%
Contract 4Current7,3057,300
Previous7,4757,455
Change-2.27%-2.08%
Contract 5Current7,5157,440
Previous7,5557,480
Change-0.53%-0.53%
Contract 6Current7,5007,435
Previous7,6857,550
Change-2.41%-1.52%

Fonterra Butter Winning Prices:

Contract
US$/tonne
Unsalted 25 kg - NZ
Salted 25 kg - NZ
Contract 1Current6,5756,575
Previous6,5956,595
Change-0.30%-0.30%
Contract 2Current6,5206,520
Previous6,6206,620
Change-1.51%-1.51%
Contract 3Current6,5906,590
Previous6,6156,615
Change-0.38%-0.38%
Contract 4Current6,6356,635
Previous6,635n.s
ChangeN/AN/A
Contract 5Current6,690n.s
Previous6,7806,815
Change-1.33%N/A
Contract 6Current6,6506,650
Previous6,815n.s
Change-2.42%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.