NZX
18/11/2015 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS NZX Limited
GENERAL: NZX: NZX Global Dairy Seminar 2015, Singapore
NZX held its annual Global Dairy Seminar in Singapore on Tuesday, attended by
a record number of delegates from China, South East Asia, Europe, America and
New Zealand including commodity traders, market participants, investment
bankers and senior executives.
Topics covered included an overview of the global dairy market, basics of
commodity derivatives, establishing a corporate hedging programme and hedging
strategies.
The strong interest in NZX's second annual seminar underlines the increasing
global interest in NZX's dairy derivatives market, which had a stellar third
quarter, with record volumes of 83,222 contracts traded, up 125% on Q3 2014,
and revenues up 232%.
NZX Head of Derivatives Kathryn Jaggard commented: "NZX's global dairy
seminar has quickly become a landmark event for the industry. It cements the
work we are doing to help grow market participation and confidence in the
dairy industry and follows the substantial trading traction we have been
getting in the market."
AgriHQ Dairy Analyst Susan Kilsby, from NZX's agricultural market
intelligence brand, presented the seminar's keynote address on factors
influencing the dairy industry. Highlights from her speech included the
following comments:
"Dairy commodity participants need to understand what is happening in the
global markets to make solid business decisions. It can be difficult to
anticipate global milk production, particularly for countries like New
Zealand where production fluctuates - small variations in global milk supply
can have a significant impact dairy commodity prices."
"Europe's milk supply is currently growing three times faster than the rate
which New Zealand's milk supply is contracting. The extra milk explains why
dairy commodity prices have been low this year. New Zealand's milk supply is
expected to slow further in 2016, which will help to offset the strong growth
from Europe."
"There are indications China's milk supply is slowing and milk powder stocks
are worked through, this will also help the global markets to rebalance,
however significant lifts in prices are not anticipated until well into
2016," Ms Kilsby commented.
For further information please contact:
Kate McLaughlin
Corporate 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 which we operate. To learn more
about NZX, please visit: www.nzxgroup.com
End CA:00273598 For:NZX Type:GENERAL Time:2015-11-18 08:30:15
