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Skim Milk Powder (SMP)

Trading Event 378 will begin at 12:00 hours UTC/GMT on Tuesday, 15 April, which is 12:00 Coordinated Universal Time on Tuesday, 15 April 2025

	Shipment Months at Seller Ports
	Contract 1(May 25)	Contract 2(Jun 25)	Contract 3(Jul 25)	Contract 4(Aug 25)	Contract 5(Sep 25)	Contract 6(Oct 25)
Skim Milk Powder (SMP)
Sales Group Minimum Supply (MT)	0	1015	250	385	360	0
Sales Group Maximum Supply (MT)	0	1130	280	425	400	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	0	250	60	90	400	0
Medium Heat - NZ	0	1130	280	425	400	0
UHT - NZ	0	250	60	90	80	0
Starting Price (USD/MT, FAS)
Low Heat - NZ	—	$2,445	$2,485	$2,440	$2,470	—
Medium Heat - NZ	—	$2,445	$2,485	$2,440	$2,470	—
UHT - NZ	—	$2,495	$2,535	$2,490	$2,520	—

Forecast Offer Quantities (MT)
Trading Event	TE 379	TE 380	TE 381	TE 382	Forecast	Change on Previous Forecast
Date	06 May 25, Coordinated Universal Time	20 May 25, Coordinated Universal Time	03 Jun 25, Coordinated Universal Time	17 Jun 25, Coordinated Universal Time	Forecast	Change on Previous Forecast
Fonterra					12 Month
Contract 1	180	180	118	117	10,195	0
Contract 2	1,130	1,130	1,050	1,050	58,920	0
Contract 3	300	300	400	400	32,220	0
Contract 4	250	250	500	500	17,685	0
Contract 5	400	400	500	500	12,000	0
Contract 6	0	0	0	0	0	0
Totals	2,260	2,260	2,568	2,567	131,020	0

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