Pulse Prices Mixed

Pulse Prices Mixed

This week’s GDT Pulse event was mixed for powders and fats. The average WMP price settled at US$3,410/t, rising +0.6% from last week’s GDT #407 but -2.2% lower than the previous Pulse event. SMP averaged US$3,120/t, rising +0.6% on prices achieved at GDT #407 and...
French Milk Growth Slows

French Milk Growth Slows

In latest available data for week 27 (ending 4th of July 2026), French milk output fell 3.4% YOY, the second consecutive weekly decline due to the recent heat wave. In the same week, UK supplies declined 4.8% YOY. German milk production growth slowed to +3.6% in week...
Pulse Prices Mixed

Weaker GDT Demand Drags Down Index

GDT #407 was another event with softer demand from North Asia and stronger Southeast Asia buying. However, any lift in demand was offset by seasonally higher product on offer. The index declined 4.9%, down for a third consecutive auction. Fonterra C2 Regular WMP fell...
French Milk Growth Slows

Global Demand Expected to Remain Soft

Ever.Ag’s latest Global Dairy Directions outlook is murky with plenty of milk expected, at least in the US. European milk output growth has slowed but remains ahead of expectations. Parts of the continent are growing at impressive rates, but the heat wave in...
Pulse Prices Mixed

Powders Decline at Pulse Event

Powders eased further at this week’s Pulse event with another correction for SMP and WMP. The NZ regular WMP C2 price settled at US$3,485/t, -0.4% lower than last week’s Pulse event. Instant WMP was flat, settling at US$3,595/t. SMP prices declined. NZ Medium Heat C2...
French Milk Growth Slows

Fonterra’s 2025-26 Record Milk Output

In its latest Global Dairy Update, Fonterra reports milk production of 1,570m kgMS in the 2025-26 season, up +4.1% on the season prior. The coop’s milk output rose 5.8% YOY to 81.5m kgMS in May, the biggest May output on record due to favourable pasture conditions. In...