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For more information on how to access the NZX Futures and Options Market, please call +64 (9) 309 3672 or email: derivatives@nzx.com.
Skim Milk Powder (SMP)
Trading Event 401 will begin at 12:00 hours UTC/GMT on Tuesday, 07 April, which is 00:00 NZST on Wednesday, 08 April 2026
Fonterra NZ Offer Quantities and Starting Prices SMP
| Shipment Months at Seller Ports | ||||||
Contract 1(May 26) | Contract 2(Jun 26) | Contract 3(Jul 26) | Contract 4(Aug 26) | Contract 5(Sep 26) | Contract 6(Oct 26) | |
| Skim Milk Powder (SMP) | ||||||
| Sales Group Minimum Supply (MT) | 195 | 1220 | 320 | 255 | 0 | 0 |
| Sales Group Maximum Supply (MT) | 215 | 1355 | 355 | 285 | 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 | 20 | 130 | 40 | 30 | 0 | 0 |
| Medium Heat - NZ | 215 | 1355 | 355 | 285 | 0 | 0 |
| UHT - NZ | 40 | 260 | 80 | 60 | 0 | 0 |
| Starting Price (USD/MT, FAS) | ||||||
| Low Heat - NZ | $3,020 | $3,000 | $3,010 | $3,030 | — | — |
| Medium Heat - NZ | $3,020 | $3,000 | $3,010 | $3,030 | — | — |
| UHT - NZ | $3,070 | $3,050 | $3,060 | $3,080 | — | — |
Forecast Information - Fonterra NZ SMP
| Forecast Offer Quantities (MT) | ||||||
| Trading Event | TE 402 | TE 403 | TE 404 | TE 405 | Forecast | Change on Previous Forecast |
| Date | 22 Apr 26, NZST | 06 May 26, NZST | 20 May 26, NZST | 03 Jun 26, NZST | ||
| Fonterra | 12 Month | |||||
| Contract 1 | 215 | 205 | 205 | 143 | 11,025 | 0 |
| Contract 2 | 1,355 | 1,210 | 1,210 | 1,000 | 64,115 | 0 |
| Contract 3 | 355 | 326 | 325 | 500 | 33,141 | 0 |
| Contract 4 | 285 | 250 | 250 | 500 | 17,105 | 0 |
| Contract 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contract 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Totals | 2,210 | 1,991 | 1,990 | 2,143 | 125,386 | 0 |
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