Trading Event 121 will begin at 12:00 hours UTC/GMT on Tue 05 August 2014
Fonterra Offer Quantities and Starting Prices
|Cheddar (Ched)||Shipment Months at Seller Ports|
|Contract 1 (Sep 14)||Contract 2 (Oct 14)||Contract 3 (Nov 14)||Contract 4 (Dec 14)||Contract 5 (Jan 15)||Contract 6 (Feb 15)|
|Sales Group Maximum Supply (MT)|
|Product Maximum Supply (MT)|
|Young - NZ||0||425||690||640||0||0|
|Frozen - NZ||0||425||690||640||0||0|
|Starting Prices (USD/MT, FAS)|
|Young - NZ||-||$3,650||$3,505||$3,485||-||-|
|Frozen - NZ||-||$3,700||$3,555||$3,535||-||-|
|Forecast Offer Quantities (MT)|
|Trading Event||TE 122||TE 123||TE 124||TE 125||Forecast||Change on Previous Forecast|
|Date||19 Aug||02 Sep||16 Sep||01 Oct|
Monthly Forecast Quantities: Fonterra Ched
Note: Fonterra has ceased to provide forecast shipment quantities as part of its forecast information
High Solids Cheese Offer Forecast
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.
|500 MT||Total volume offered on GDT|
|50 MT||200 MT|
|Not offered||Not offered|
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.