The proposed change to monthly contract periods by GlobalDairyTrade has been adopted and will be effective for Trading Event 67 on 1 May 2012.
The decision to adopt the monthly contract periods means that the forecast offer
quantities to be published in advance of Trading Event 66 on 17 April will provide
forecasts on Contract 1 through to Contract 6 for the first time.
The Final Settlement Price for NZX Dairy Futures is an average of Fonterra Contract 2
winning prices in the stated product specification for WMP, SMP and AMF. Contract 2 on GlobalDairyTrade remains unchanged and therefore the Final Settlement Price calculation for NZX Dairy Futures is also unchanged.
For more information, please go to: http://www.globaldairytrade.info/
Announcements.aspx