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Skim Milk Powder (SMP)

Trading Event 385 will begin at 12:00 hours UTC/GMT on Tuesday, 05 August, which is 00:00 NZST on Wednesday, 06 August 2025

	Shipment Months at Seller Ports
	Contract 1(Sep 25)	Contract 2(Oct 25)	Contract 3(Nov 25)	Contract 4(Dec 25)	Contract 5(Jan 26)	Contract 6(Feb 26)
Skim Milk Powder (SMP)
Sales Group Minimum Supply (MT)	180	3510	1800	1135	585	0
Sales Group Maximum Supply (MT)	200	3900	2000	1260	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	200	3900	2000	1260	650	0
Medium Heat - NZ	200	3900	2000	1260	650	0
UHT - NZ	200	130	2000	1260	650	0
Starting Price (USD/MT, FAS)
Low Heat - NZ	$2,385	$2,385	$2,400	$2,425	$2,350	—
Medium Heat - NZ	$2,385	$2,385	$2,400	$2,425	$2,350	—
UHT - NZ	$2,435	$2,435	$2,450	$2,475	$2,400	—

Forecast Offer Quantities (MT)
Trading Event	TE 386	TE 387	TE 388	TE 389	Forecast	Change on Previous Forecast
Date	20 Aug 25, NZST	03 Sep 25, NZST	17 Sep 25, NZST	08 Oct 25, NZDT	Forecast	Change on Previous Forecast
Fonterra					12 Month
Contract 1	200	1,000	1,000	1,000	10,295	0
Contract 2	4,600	4,150	4,150	4,200	60,520	0
Contract 3	1,300	2,500	2,500	2,450	30,520	-200
Contract 4	1,260	1,300	1,300	1,010	17,685	200
Contract 5	650	750	750	640	12,000	0
Contract 6	0	0	0	0	0	0
Totals	8,010	9,700	9,700	9,300	131,020	0

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