Fonterra gdt price
Fonterra Co-operative Group Limited today increased its 2019/2020 forecast Farmgate Milk Price range from $6.25 - $7.25 per kgMS to $6.55 - $7.55 per kgMS. The Advance Rate Fonterra pays its farmer owners will be set off the mid-point, $7.05 per kgMS, of the revised range. Fonterra instead calculates a Farmgate Milk Price using independently approved methodology. This enables total returns to be allocated between payments for milk and returns on the share capital invested by farmer shareholders and unit holders in the Co-operative. How the Farmgate Milk Price is calculated. Farmgate Milk Price is calculated by: Determining the revenue that Fonterra would earn if the equivalent of all the milk Fonterra collects was converted into commodity specifications of whole milk powder (WMP) and skim milk powder (SMP), and their by-products which are buttermilk powder (BMP), A change in GDT Price Index is shown if there is a price available for the last event AND for at least one of the two previous events. “n.a.” means that no product was offered or sold, or no price was published for the last event, or on both of the two previous events. Fonterra Co-operative Group Limited today revised its 2018/19 forecast Farmgate Milk Price from $6.75 per kgMS to a range of $6.25-$6.50 per kgMS and increased its forecast New Zealand milk collection volumes by 1.3 per cent to 1,550 million kgMS. For example, a 5 cent higher farm-gate Milk Price is less than 1% of a farm-gate Milk Price of $7.50, but is around 15% of Fonterra’s recent normalised underlying operating earnings of 30-35 cents per share. A change in GDT Price Index is shown if there is a price available for the last event AND for at least one of the two previous events. “n.a.” means that no product was offered or sold, or no price was published for the last event, or on both of the two previous events.
12 Sep 2019 15 August 2017. Our approach to reviewing Fonterra's Milk Price Inclusion of off-GDT sales as a reference for calculating commodity prices .
22 Jan 2020 Whole milk powder prices - which have the greatest bearing on Fonterra's farmgate milk price - rose by 2.4 per cent to US$3233 a tonne at today's 3 Mar 2020 Results of the GDT event 256 of 17.03.2020. % change by contract from previous auction. Change in GDT Price Index from previous event. Butter Milk Powder Winning Prices (USD/MT, FAS) - Fonterra - UHT - NZ CP5 · Expand. Displaying 1 row. GDT/BMP_WPF_UHTNZCP5. Preview Unavailable Fonterra and its customers. At the time, Fonterra considered that gDT would emerge as a global benchmark for dairy commodity prices and for dairy futures
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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's forecast milk price range for the new season is $6.25-$7.25/kg milksolids. The GDT price index fell 3.4 per cent this week from the previous auction. Whole milk powder, which determines the farmgate milk price, fell 1.5 per cent to US$3138 a tonne - the fifth consecutive decrease in this powder index. It was the first auction since Fonterra lowered its farmgate payout forecast to $6.40 per kg/MS from $6.75.. Prior to today's results, overall prices had fallen at five of the last six auctions. The improved auction result saw AgriHQ lift its farmgate milk price forecast to $4.75 per kilogram of milk solids, just ahead of Fonterra's $4.70/kg forecast that the co-operative it reconfirmed CLAL is a Consulting Firm with headquarters in Modena, operating and providing services in the agri-food sector and particularly in the dairy sector. The firm is based on the teamwork of experts in the field, with backgrounds in management, production and consulting services. NZX operates New Zealand capital, risk and commodity markets. We provide high quality market information, featuring real time stock quotes, market data, market news and tools to support business decision making This chart series is based on wholesale trader prices in US$ per tonne, as reported, for butter, skim milk powder, whole milk powder, and cheddar cheese. These prices are converted into NZ$ at the rate applicable when the US$ prices are reported.
GlobalDairyTrade (GDT) — an innovative auction-based online trading to the lowest common denominator — i.e., that price would be bid only to the level of Buyers of commodity dairy products — Fonterra's customers — seemed most.
Fonterra Co-operative Group Limited today increased its 2019/2020 forecast Farmgate Milk Price range from $6.25 - $7.25 per kgMS to $6.55 - $7.55 per kgMS. The Advance Rate Fonterra pays its farmer owners will be set off the mid-point, $7.05 per kgMS, of the revised range. Fonterra instead calculates a Farmgate Milk Price using independently approved methodology. This enables total returns to be allocated between payments for milk and returns on the share capital invested by farmer shareholders and unit holders in the Co-operative. How the Farmgate Milk Price is calculated. Farmgate Milk Price is calculated by: Determining the revenue that Fonterra would earn if the equivalent of all the milk Fonterra collects was converted into commodity specifications of whole milk powder (WMP) and skim milk powder (SMP), and their by-products which are buttermilk powder (BMP), A change in GDT Price Index is shown if there is a price available for the last event AND for at least one of the two previous events. “n.a.” means that no product was offered or sold, or no price was published for the last event, or on both of the two previous events. Fonterra Co-operative Group Limited today revised its 2018/19 forecast Farmgate Milk Price from $6.75 per kgMS to a range of $6.25-$6.50 per kgMS and increased its forecast New Zealand milk collection volumes by 1.3 per cent to 1,550 million kgMS. For example, a 5 cent higher farm-gate Milk Price is less than 1% of a farm-gate Milk Price of $7.50, but is around 15% of Fonterra’s recent normalised underlying operating earnings of 30-35 cents per share. A change in GDT Price Index is shown if there is a price available for the last event AND for at least one of the two previous events. “n.a.” means that no product was offered or sold, or no price was published for the last event, or on both of the two previous events.
Fonterra's forecast milk price range for the new season is $6.25-$7.25/kg milksolids. The GDT price index fell 3.4 per cent this week from the previous auction. Whole milk powder, which determines the farmgate milk price, fell 1.5 per cent to US$3138 a tonne - the fifth consecutive decrease in this powder index.
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's forecast milk price range for the new season is $6.25-$7.25/kg milksolids. The GDT price index fell 3.4 per cent this week from the previous auction. Whole milk powder, which determines the farmgate milk price, fell 1.5 per cent to US$3138 a tonne - the fifth consecutive decrease in this powder index.
Detailed information about the product range on GDT are available on this page. Average price of WMP - Amul Average price of WMP - Fonterra Mar 2017 Apr The overall GDT Price Index fell by 3.9% from the previous event to $2,980 per tonne. 24,209 tonnes of product was sold, mostly WMP and SMP. Next auction: 4 Mar 2020 Dairy prices fell for the third auction in a row at this morning's GDT auction. Fonterra revised its forecast milk collections for the 2020 season