Trading Event 129 will begin at 12:00 hours UTC/GMT on Tue 02 December 2014

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For more information on the NZX Dairy Futures Market, please call +64 (9) 368 1242 or email dairyfutures@nzx.com

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Fonterra Offer Quantities and Starting Prices

Cheddar (Ched) Shipment Months at Seller Ports
Contract 1 (Jan 15) Contract 2 (Feb 15) Contract 3 (Mar 15) Contract 4 (Apr 15) Contract 5 (May 15) Contract 6 (Jun 15)
Sales Group Maximum Supply (MT)
Cheddar (Ched) 0 740 685 640 0 0
Product Maximum Supply (MT)
Young - NZ 0 740 685 640 0 0
Frozen - NZ 0 740 685 640 0 0
Starting Prices (USD/MT, FAS)
Young - NZ - $2,495 $2,425 $2,370 - -
Frozen - NZ - $2,545 $2,475 $2,420 - -

Forecast Information

Forecast Offer Quantities (MT)
Trading Event TE 130 TE 131 TE 132 TE 133 Forecast Change on Previous Forecast
Date 16 Dec 06 Jan 20 Jan 03 Feb
Fonterra 12 Month
Contract 1 0 0 0 0 0 0
Contract 2 740 730 730 720 13,970 0
Contract 3 685 680 680 660 11,470 0
Contract 4 640 610 610 600 9,750 0
Contract 5 0 0 0 0 0 0
Contract 6 0 0 0 0 0 0
Totals 2,065 2,020 2,020 1,980 35,190 0

Monthly Forecast Quantities: Fonterra Ched

Forecast Actual Last 12 Months Actual Two Years Prior

Source: Fonterra

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

High Solids Cheese Offer Forecast

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Contract 2                        
Contract 3                        
Contract 4                        

The following ranges indicate the total quantity of High Solids Cheese expected to be offered in each trading event and for each contract period from TE88.

Min Max
  500 MT Total volume offered on GDT
  50 MT 200 MT
  Not offered Not offered

Explanatory Notes

The Starting Prices for the first round of the trading event are set by the sellers.

The Sales Group Maximum Supply shows the maximum quantity of product available for each seller and each contract period (which may be supplied as any combination of the Products listed).

The Product Maximum Supply shows the maximum quantity available for each Product (i.e. product specification) in a Sales Group for each contract period. The Product maximums are determined by the availability of milk and the types of manufacturing facilities available, both of which vary month to month.

Actual sales will depend on which products are demanded most by customers during the Trading Event. The total quantity sold across all products in a Sales Group cannot exceed the Sales Group Maximum Supply.

Fonterra Disclaimer on Forecast Information

The above forecasts provided by Fonterra Co-operative Group Limited or its affiliates (together “Fonterra”) are indicative, have not been independently verified and are subject to considerable uncertainty. The information presented or contained is subject to change from trading event to trading event and may only be considered current as at the date published. No representations or warranties, express or implied, are made as to, and no reliance should be placed on the accuracy, fairness, completeness or correctness of the information. Factors which may cause Fonterra to change its forecast include unexpected variations in the volume of milk received by Fonterra (for example, due to climate events affecting milk production); availability of manufacturing assets and by Fonterra decisions regarding the mix of products to be manufactured from the available milk. Fonterra varies its product mix on a frequent basis in response to changes in the relative prices of various products, committed or expected contractual commitments for non-GlobalDairyTrade products, and manufacturing plant availability. The same factors may lead Fonterra to specify an actual offer quantity for a trading event that differs from the most recent forecast.

This information is provided subject to the Terms of Use for the www.nzxfutures.com website.