Record NZX dairy futures volume in July, but lagging year-to-date

Mon, 29 Jul 2013

July 29 (BusinessDesk) - NZX’s dairy futures market reached a record monthly trading volume in July as more than 2,000 skim milk powder contracts traded for the first time, though total volumes in all categories are lagging behind 2012 on a year-to-date basis. The market reported 5,225 lots traded this month across all categories of dairy products offered in the NZX futures market, beating the previous record in March last year by 1,050. Whole milk powder was the biggest contract traded at 2,310, followed by skim milk powder at 2,215 and anh...

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