NZX Dairy Futures have now traded over 30,000 lots since the launch of WMP futures in October 2010.
All three NZX Dairy Futures continue to show excellent growth with 60% more lots already traded in 2012 than for the full year 2011.
“NZX Dairy Futures continue to show real growth not only in lots traded but also in the number of participants using the market. More and more volume is coming from participants in Europe and South East Asia reflecting the truly global nature of the contracts” said Kathryn Jaggard, Head of Derivatives, NZX Limited.
After a traditionally quiet start to the year, March saw record volume traded with August coming in as the second highest volume month at 3,419 lots traded.
"The continuing growth is pleasing in terms of the development of dairy risk management tools and continues to draw new participants to the market” said NZX CEO, Tim Bennett.
NZX is also working to develop easy to use tools for farmers who want to mitigate risk around the payout.
“As these contracts develop NZX wants to continue to enhance the current offering, in particular for New Zealand farmers. We need to understand their risk management needs and how they can be met easily and efficiently” said Bennett.