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The index represents the price of New Zealand milk fat anhydride traded on SGX and serves as an indicator for premium dairy products in the agricultural sector. In May 2026, the maximum reached 6520.00 USD/tonne, the minimum was 6250.00 USD/tonne, and the average level stood at 6418.75 USD/tonne. Delivery is on an FOB basis in 210 kg barrels, with New Zealand as the primary trading region.
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(197319, 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 | 03/06/2026 |
| Milk Class 3 (IMF) | 23.14 USD/cwt | 30/04/2026 |
| Milk fat (New Zealand) | 6,805 USD/T | 03/06/2026 |
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