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The index represents the milk price in New Zealand traded on SGX and serves as an indicator for milk solids in the dairy sector. In May 2026, the maximum reached 9.88 NZD/kg, the minimum was 9.75 NZD/kg, and the average level stood at 9.84 NZD/kg. Delivery is on an FOB basis, with New Zealand as the primary trading region.
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(197317, date)
Cbonds add-in| Index | Current value | Date |
|---|---|---|
| Milk | 16.18 USD/CWT | 04/06/2026 |
| Cheese | 1.617 USD/Lbs | 04/06/2026 |
| Butter | 3,956 EUR/T | 04/06/2026 |
| Milk (New Zealand) | 9.84 NZD/kg | 04/06/2026 |
| Milk Class 3 (IMF) | 23.14 USD/cwt | 30/04/2026 |
| Milk fat (New Zealand) | 6,700 USD/T | 04/06/2026 |
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