NZX to launch milk price futures contracts on May 27

Fri, 13 May 2016

By Tina Morrison May 13 (BusinessDesk) - NZX, the financial markets operator, will launch its milk price futures contracts on May 27, followed later by options contracts. Wellington-based NZX last month detailed its 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, anhyd...

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