NZX
17/06/2016 09:23
GENERAL
NOT PRICE SENSITIVE
REL: 0923 HRS NZX Limited
GENERAL: NZX: Launch date for NZ milk price options
NZX is pleased to announce that the launch of milk price options contracts
will occur on 30 June 2016. This follows the successful launch of milk price
futures contracts on 27 May.
These contracts are designed to assist farmers wishing to manage volatility
in the New Zealand milk price.
NZX Head of Markets Mark Peterson commented: "It's encouraging to see early
market participation in the futures contracts, which are already being used
to manage price risk in the 2017/18 season. Adding options to this suite of
risk management tools provides farmers with greater flexibility in how they
manage risk, and gets New Zealand on par with competitors overseas who
already offer these tools to farmers."
"New Zealand dairy farmers are highly exposed to volatility in the global
dairy market - NZX remains focussed on growing market participation and
trading activity, along with assisting to educate the industry on the
benefits of risk management tools."
NZX is hosting education seminars on the contracts - with accredited brokers
First NZ Capital, OM Financial and FCStone - at New Zealand National
Agricultural Fieldays in Mystery Creek, Hamilton this week. These sessions
are designed to provide interested parties with an opportunity to learn about
the products and ask questions. To learn more about these contracts please
visit: nzx.com/derivatives
For further information please contact:
Kate McLaughlin
Head of Communications
T: 09 309 3654
M: 027 533 4529
E: [email protected]
About NZX Limited
NZX builds and operates capital, risk and commodity markets and the
infrastructure required to support them. We provide high quality information,
data and tools to support business decision making. We aim to make a
meaningful difference to wealth creation for our shareholders and the
individuals, businesses and economies in the countries in which we operate.
To learn more about NZX please visit: www.nzxgroup.com
End CA:00284227 For:NZX Type:GENERAL Time:2016-06-17 09:23:25
