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Skim Milk Powder (SMP)

Trading Event 393 will begin at 12:00 hours UTC/GMT on Tuesday, 02 December, which is 01:00 NZDT on Wednesday, 03 December 2025

	Shipment Months at Seller Ports
	Contract 1(Jan 26)	Contract 2(Feb 26)	Contract 3(Mar 26)	Contract 4(Apr 26)	Contract 5(May 26)	Contract 6(Jun 26)
Skim Milk Powder (SMP)
Sales Group Minimum Supply (MT)	540	2700	1575	810	495	0
Sales Group Maximum Supply (MT)	600	3000	1750	900	550	0
Product Minimum Supply (MT)
Low Heat - NZ	0	0	0	0	0	0
Medium Heat - NZ	0	0	0	0	0	0
UHT - NZ	0	0	0	0	0	0
Product Maximum Supply (MT)
Low Heat - NZ	60	300	175	90	55	0
Medium Heat - NZ	600	3000	1750	900	550	0
UHT - NZ	600	3000	1750	900	550	0
Starting Price (USD/MT, FAS)
Low Heat - NZ	$2,175	$2,180	$2,175	$2,180	$2,175	—
Medium Heat - NZ	$2,175	$2,180	$2,175	$2,180	$2,175	—
UHT - NZ	$2,225	$2,230	$2,225	$2,230	$2,225	—

Forecast Offer Quantities (MT)
Trading Event	TE 394	TE 395	TE 396	TE 397	Forecast	Change on Previous Forecast
Date	17 Dec 25, NZDT	07 Jan 26, NZDT	21 Jan 26, NZDT	04 Feb 26, NZDT	Forecast	Change on Previous Forecast
Fonterra					12 Month
Contract 1	600	600	600	350	10,295	0
Contract 2	3,000	2,750	2,750	2,200	62,280	0
Contract 3	1,750	1,450	1,450	1,000	32,346	0
Contract 4	900	625	625	230	17,685	0
Contract 5	550	205	205	0	1,510	0
Contract 6	0	0	0	0	0	0
Totals	6,800	5,630	5,630	3,780	124,116	0

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Source: FonterraNote: Fonterra has ceased to provide forecast shipment quantities as part of its forecast information