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Whole Milk Powder (WMP)

Trading Event 388 will begin at 12:00 hours UTC/GMT on Tuesday, 16 September, which is 00:00 NZST on Wednesday, 17 September 2025

	Shipment Months at Seller Ports
	Contract 1(Oct 25)	Contract 2(Nov 25)	Contract 3(Dec 25)	Contract 4(Jan 26)	Contract 5(Feb 26)	Contract 6(Mar 26)
Whole Milk Powder (WMP)
Sales Group Minimum Supply (MT)	730	7520	6845	2980	955	0
Sales Group Maximum Supply (MT)	811	8353	7604	3311	1063	0
Product Minimum Supply (MT)
Regular - NZ	0	0	0	0	0	0
Instant - NZ	0	0	0	0	0	0
UHT - NZ	0	0	0	0	0	0
Product Maximum Supply (MT)
Regular - NZ	811	8353	7604	3311	1063	0
Instant - NZ	811	8353	7604	3311	1063	0
UHT - NZ	811	8353	7604	3311	1063	0
Starting Price (USD/MT, FAS)
Regular - NZ	$3,325	$3,215	$3,185	$3,210	$3,245	—
Instant - NZ	$3,420	$3,310	$3,280	$3,305	$3,340	—
UHT - NZ	$3,400	$3,290	$3,260	$3,285	$3,320	—

Forecast Offer Quantities (MT)
Trading Event	TE 389	TE 390	TE 391	TE 392	Forecast	Change on Previous Forecast
Date	08 Oct 25, NZDT	22 Oct 25, NZDT	05 Nov 25, NZDT	19 Nov 25, NZDT	Forecast	Change on Previous Forecast
Fonterra					12 Month
Contract 1	2,088	2,088	2,376	2,376	33,622	0
Contract 2	9,030	9,030	8,388	8,387	139,077	0
Contract 3	7,065	7,064	6,806	6,805	102,307	0
Contract 4	3,190	3,190	2,579	2,579	50,620	0
Contract 5	860	859	761	760	19,127	0
Contract 6	0	0	0	0	0	0
Totals	22,233	22,231	20,910	20,907	344,753	0

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