GDT Posts Declines

GDT Posts Declines

GDT event #393 was another negative results for most products with the index shedding 4.3%. WMP average prices declined for a seventh consecutive auction to the lowest since mid-2024. The NZ regular CP2 contract fell by 2.2% to US$3,330/t with declines across all...
WMP Prices Plummet

WMP Prices Plummet

NZ regular WMP settled at US$3,295/t at this week’s GDT Pulse event, down US$150/t from the previous pulse and US$110/t lower than GDT #392 settle price. The expectation was for a lower settle price as the nearest SGX—NZX futures contract settled lower at US$3,245/t....
GDT Posts Declines

GDT Prices All See Red

GDT Event #392 posted the seventh consecutive overall decline with the index down 3.0% and weaker prices across all products. Butter and AMF led the losses. WMP average prices declined for the sixth consecutive auction. The NZ regular CP2 contract fell by 2% and WMP...
GDT Posts Declines

Pulse Prices Tumble

NZ milk powder prices continued to decline at this week’s Pulse event. The regular WMP C2 price declined 0.9% to US$3,445/t compared to GDT #391 and was 3.2% lower than the price achieved at the prior Pulse event in late October. Instant WMP prices settled at...
GDT Posts Declines

GDT Index Falls 2.4%

At GDT Event #391 the 2.4% fall in the price index was the sixth consecutive decline, with falls across the board with the exception of NZ SMP and EU Mozzarella. WMP average prices declined for the fifth consecutive auction. The NZ regular C2 contract fell by 2.9% to...
GDT Posts Declines

Pulse Prices Edge Lower

Prices for NZ product softened at GDT Pulse this week with C2 regular WMP decreasing -0.6% against GDT #390 and     –2.5% against the previous Pulse. Prices settled at US$3,560/t, US$80/t ahead of the closest SGX-NZX futures contract.       Medium heat NZ SMP settled...