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Skim Milk Powder (SMP)
Trading Event 397 will begin at 12:00 hours UTC/GMT on Tuesday, 03 February, which is 01:00 NZDT on Wednesday, 04 February 2026
Fonterra NZ Offer Quantities and Starting Prices SMP
| Shipment Months at Seller Ports | ||||||
Contract 1(Mar 26) | Contract 2(Apr 26) | Contract 3(May 26) | Contract 4(Jun 26) | Contract 5(Jul 26) | Contract 6(Aug 26) | |
| Skim Milk Powder (SMP) | ||||||
| Sales Group Minimum Supply (MT) | 315 | 1980 | 900 | 205 | 0 | 0 |
| Sales Group Maximum Supply (MT) | 350 | 2200 | 1000 | 230 | 0 | 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 | 40 | 280 | 100 | 40 | 0 | 0 |
| Medium Heat - NZ | 350 | 2200 | 1000 | 230 | 0 | 0 |
| UHT - NZ | 350 | 2200 | 1000 | 230 | 0 | 0 |
| Starting Price (USD/MT, FAS) | ||||||
| Low Heat - NZ | $2,270 | $2,260 | $2,260 | $2,255 | — | — |
| Medium Heat - NZ | $2,270 | $2,260 | $2,260 | $2,255 | — | — |
| UHT - NZ | $2,320 | $2,310 | $2,310 | $2,305 | — | — |
Forecast Information - Fonterra NZ SMP
| Forecast Offer Quantities (MT) | ||||||
| Trading Event | TE 398 | TE 399 | TE 400 | TE 401 | Forecast | Change on Previous Forecast |
| Date | 18 Feb 26, NZDT | 04 Mar 26, NZDT | 18 Mar 26, NZDT | 08 Apr 26, NZST | ||
| Fonterra | 12 Month | |||||
| Contract 1 | 350 | 200 | 200 | 0 | 10,295 | 0 |
| Contract 2 | 2,200 | 1,250 | 1,250 | 1,130 | 63,365 | 0 |
| Contract 3 | 1,000 | 430 | 430 | 280 | 32,991 | 0 |
| Contract 4 | 230 | 343 | 342 | 425 | 17,685 | 0 |
| Contract 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contract 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Totals | 3,780 | 2,223 | 2,222 | 1,835 | 124,336 | 0 |
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