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Skim Milk Powder (SMP)
Trading Event 392 will begin at 12:00 hours UTC/GMT on Tuesday, 18 November, which is 01:00 NZDT on Wednesday, 19 November 2025
Fonterra NZ Offer Quantities and Starting Prices SMP
| Shipment Months at Seller Ports | ||||||
Contract 1(Dec 25) | Contract 2(Jan 26) | Contract 3(Feb 26) | Contract 4(Mar 26) | Contract 5(Apr 26) | Contract 6(May 26) | |
| Skim Milk Powder (SMP) | ||||||
| Sales Group Minimum Supply (MT) | 810 | 3465 | 1800 | 900 | 585 | 0 |
| Sales Group Maximum Supply (MT) | 900 | 3850 | 2000 | 1000 | 650 | 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 | 90 | 400 | 2000 | 1000 | 650 | 0 |
| Medium Heat - NZ | 900 | 3850 | 2000 | 1000 | 650 | 0 |
| UHT - NZ | 900 | 3850 | 2000 | 1000 | 650 | 0 |
| Starting Price (USD/MT, FAS) | ||||||
| Low Heat - NZ | $2,205 | $2,185 | $2,180 | $2,195 | $2,195 | — |
| Medium Heat - NZ | $2,205 | $2,185 | $2,180 | $2,195 | $2,195 | — |
| UHT - NZ | $2,255 | $2,235 | $2,230 | $2,245 | $2,245 | — |
Forecast Information - Fonterra NZ SMP
| Forecast Offer Quantities (MT) | ||||||
| Trading Event | TE 393 | TE 394 | TE 395 | TE 396 | Forecast | Change on Previous Forecast |
| Date | 03 Dec 25, NZDT | 17 Dec 25, NZDT | 07 Jan 26, NZDT | 21 Jan 26, NZDT | ||
| Fonterra | 12 Month | |||||
| Contract 1 | 600 | 600 | 600 | 600 | 10,295 | 0 |
| Contract 2 | 3,000 | 3,000 | 2,750 | 2,750 | 62,280 | 575 |
| Contract 3 | 1,750 | 1,750 | 1,450 | 1,450 | 32,346 | 375 |
| Contract 4 | 900 | 900 | 625 | 625 | 17,685 | 0 |
| Contract 5 | 550 | 550 | 205 | 205 | 1,510 | -1300 |
| Contract 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Totals | 6,800 | 6,800 | 5,630 | 5,630 | 124,116 | -350 |
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