Pulse Powder Prices Lifts

Pulse Powder Prices Lifts

Prices for NZ and EU milk powders rose at this week’s Pulse event. NZ regular grade WMP rose 1.0% against GDT #395 and +7.6% on the prior Pulse event, settling at US$3,395/t. Instant WMP settled at US$3,490/t, up 1.0% compared to GDT #395 and 7.4% higher than the...
EU Milk +4.5% YOY in November

EU Milk +4.5% YOY in November

We estimate EU milk production increased 4.5% YOY in November, according to Eurostat and AGEA. This includes YOY growth in France (+6.3%), Germany (+7.5%), Poland (+5.3%), Denmark (+0.7%), Austria (+9.8% YOY), Belgium (+9.7% YOY) and Sweden (+6.4%). November...
Pulse Powder Prices Lifts

GDT Begins 2026 on a Positive Note

The first GDT event of 2026 was a positive one for all commodities. The index rose 6.3% at event #395, marking the first lift for the index since the second event in August 2025. WMP prices gained 7.8% on average as NZ CP2 values increased 7.9% to US$3,360/t. China...
EU Milk +4.5% YOY in November

China Grows November Milk Production

milk production increased 1.4% YOY in November on a low prior year comparable, according to the latest China Dairy Monthly Report. This was the third consecutive monthly increase, following consistent declines between June 2024 and August 2025. Fluid milk consumption...
EU Milk +4.5% YOY in November

NZ Milk Output Hits Record HighNZ Milk

New Zealand milk production hit a record high in November, up 2.6% YOY on a milk solids basis to 252.2m kgMS, the highest monthly intake for November since 2014. Seasonal solids intake is 3.2% ahead of the prior season. On a volume basis, milk production rose +2.4%...
Pulse Powder Prices Lifts

GDT Index Drops to Two-Year Low

GDT event #394 marked a ninth consecutive drop in the index, down 4.4% to its lowest since December 2023.     WMP prices saw a notable fall on a weaker demand-supply ratio. NZ CP2 values dropped 6.5% to US$3,115/t with China buying almost two-thirds of WMP on offer....