Trading Event 133 will begin at 12:00 hours UTC/GMT on Tue 03 February 2015
Fonterra Offer Quantities and Starting Prices
|Skim Milk Powder (SMP)||Shipment Months at Seller Ports|
|Contract 1 (Mar 15)||Contract 2 (Apr 15)||Contract 3 (May 15)||Contract 4 (Jun 15)||Contract 5 (Jul 15)||Contract 6 (Aug 15)|
|Sales Group Maximum Supply (MT)|
|Skim Milk Powder (SMP)||0||1,150||825||575||350||250|
|Product Maximum Supply (MT)|
|Low Heat - NZ||0||100||100||100||100||0|
|Medium Heat - NZ||0||1,150||825||575||350||250|
|HH Heat Stable - NZ||0||200||200||200||0||0|
|UHT - NZ||0||500||400||200||100||100|
|Starting Prices (USD/MT, FAS)|
|Low Heat - NZ||-||$2,060||$2,105||$2,115||$2,130||-|
|Medium Heat - NZ||-||$2,060||$2,105||$2,115||$2,130||$2,135|
|HH Heat Stable - NZ||-||$2,110||$2,155||$2,165||-||-|
|UHT - NZ||-||$2,110||$2,155||$2,165||$2,180||$2,185|
|Forecast Offer Quantities (MT)|
|Trading Event||TE 134||TE 135||TE 136||TE 137||Forecast||Change on Previous Forecast|
|Date||17 Feb||03 Mar||17 Mar||01 Apr|
Monthly Forecast Quantities: Fonterra SMP
Note: Fonterra has ceased to provide forecast shipment quantities as part of its forecast information
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.