Trading Event 163 will begin at 12:00 hours UTC/GMT on Tue 03 May 2016

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Fonterra NZ & AU Offer Quantities and Starting Prices

Skim Milk Powder (SMP) Shipment Months at Seller Ports
Contract 1 (Jun 16) Contract 2 (Jul 16) Contract 3 (Aug 16) Contract 4 (Sep 16) Contract 5 (Oct 16) Contract 6 (Nov 16)
Sales Group Maximum Supply (MT)
Skim Milk Powder (SMP NZ) 300 2,825 850 500 500 500
Skim Milk Powder (SMP AU) 100 250 150 100 0 0
Product Maximum Supply (MT)
Low Heat - NZ 150 0 0 0 300 500
Medium Heat - NZ 300 2,825 850 500 500 500
Med Heat Guaranteed ATOD - NZ 45 424 128 75 75 75
HH Heat Stable - NZ 0 0 0 0 0 250
UHT - NZ 0 0 0 0 250 250
Medium Heat - AU 100 250 150 100 0 0
Starting Prices (USD/MT, FAS)
Low Heat - NZ $1,490 - - - $1,525 $1,570
Medium Heat - NZ $1,490 $1,440 $1,460 $1,510 $1,525 $1,570
Med Heat Guaranteed ATOD - NZ $1,515 $1,465 $1,485 $1,535 $1,550 $1,595
HH Heat Stable - NZ - - - - - $1,620
UHT - NZ - - - - $1,575 $1,620
Medium Heat - AU $1,465 $1,455 $1,480 $1,460 - -

Forecast Information - Fonterra

Forecast Offer Quantities (MT) - NZ
Trading Event TE 164 TE 165 TE 166 TE 167 Forecast Change on Previous Forecast
Date 17 May 01 Jun 15 Jun 05 Jul
Fonterra 12 Month
Contract 1 300 200 200 200 5,500 0
Contract 2 2,825 1,600 1,600 1,900 56,990 0
Contract 3 850 800 800 1,650 31,880 0
Contract 4 500 800 800 1,150 17,600 0
Contract 5 350 800 800 1,000 14,250 0
Contract 6 350 600 600 700 8,700 0
Totals 5,175 4,800 4,800 6,600 134,920 0
Forecast Offer Quantities (MT) - AU
Trading Event TE 164 TE 165 TE 166 TE 167 Forecast Change on Previous Forecast
Date 17 May 01 Jun 15 Jun 05 Jul
Fonterra 12 Month
Contract 1 100 100 100 100 2,400 0
Contract 2 250 250 250 250 6,000 0
Contract 3 150 150 150 150 3,600 0
Contract 4 100 100 100 100 2,400 0
Contract 5 0 0 0 0 0 0
Contract 6 0 0 0 0 0 0
Totals 600 600 600 600 14,400 0
Download CSV

Monthly Quantities: Fonterra NZ & AU SMP

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

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.