For more information on how to access the NZX Futures and Options Market, please call +64 (9) 309 3672 or email: derivatives@nzx.com.

Skim Milk Powder (SMP)

Trading Event 404 will begin at 12:00 hours UTC/GMT on Tuesday, 19 May, which is 00:00 NZST on Wednesday, 20 May 2026

Forecast Offer Quantities (MT)
Trading Event	TE 404	TE 405	TE 406	TE 407	Forecast	Change on Previous Forecast
Date	20 May 26, NZST	03 Jun 26, NZST	17 Jun 26, NZST	08 Jul 26, NZST	Forecast	Change on Previous Forecast
Fonterra					12 Month
Contract 1	205	143	142	350	11,115	90
Contract 2	1,210	1,000	1,000	2,250	66,185	2070
Contract 3	325	500	500	1,450	33,181	40
Contract 4	250	500	500	950	17,090	-15
Contract 5	0	0	0	0	0	0
Contract 6	0	0	0	0	0	0
Totals	1,990	2,143	2,142	5,000	127,571	2185

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