NZX plans to offer milk price futures, options to reduce volatility

Tue, 05 Apr 2016

By Tina Morrison April 6 (BusinessDesk) - NZX, the financial markets operator, is developing a new market offering New Zealand dairy farmers a way to lessen the risk of volatile milk prices. The Wellington-based company plans to start a futures and options market for milk on its trading platform, allowing farmers, processors and others linked to the local dairy industry a way to fix the future price of milk to reduce uncertainty. The milk contracts will add to the NZX's existing futures contracts for whole milk powder, skim milk powder, a...

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