Powders Decline on Pulse

Powders Decline on Pulse

SMP and WMP prices moved lower at this week’s GDT Pulse event compared to the latest GDT #401. Fonterra regular WMP averaged US$3,600/t, down US$50/t from GDT #401 and US$65/t higher than the previous Pulse event. Fonterra instant WMP averaged US$3,695/t, US$65/t...
Slower Milk Growth in Early April

Slower Milk Growth in Early April

In latest available data for week 14 (ending 4th of April 2026), French milk output increased 2% YOY, a 12-week low. In the same week, German milk production increased 5.6% YOY, an 8-week low. UK milk supplies rose 0.6% YOY in the week ending 4 April 2026.  ...
Powders Decline on Pulse

Fat Prices Tumble on GDT

The GDT Index fell 3.4%, reflecting growing geopolitical uncertainty, trade flow disruptions, and strong global milk output growth. Powder prices struggled with NZ C2 Regular WMP sliding 0.3%, despite higher relative demand from the last event. Average SMP prices fell...
Slower Milk Growth in Early April

US February Cheese Output Up 3.9%

US cheese production increased 3.9% YOY in February, according to the USDA, with an estimated 3.8% rise in manufacturing milk availability. American cheese output rose 1.9% YOY for the month, with a 2.3% increase for cheddar. “Other cheese” varieties (including...
Powders Decline on Pulse

Pulse Prices Continue to Decline

Prices fell across commodities at this week’s GDT Pulse event except for AMF, for which prices were not published. Fonterra regular WMP averaged US$3,535/t, down 1.7% from the latest Pulse event and -3.4% lower than the price at GDT #400. Fonterra instant WMP averaged...
Slower Milk Growth in Early April

Fonterra February Milk Rises

In its latest Global Dairy Update, Fonterra’s milk collections rose in February, reaching 143.2m kgMS, up 7.1% on the same month last season. The increase is driven by favourable weather and solid pasture conditions across both islands. Season‑to‑date collections now...