GDT Index Declines

GDT Index Declines

GDT event #382 was the third consecutive event with a decline in the overall index, down 1.0%. Fats were mixed and the volatile cheddar trade reversed some of the recent losses. WMP again took the heavier hit of the powders, down 2.8% for CP2 for the 3rd event in...
GDT Index Declines

Pulse Prices Tumble

This week’s Pulse continued the trend set by GDT #381 WMP and SMP with medium heat SMP and regular WMP prices down. Regular WMP lost US$150/t or 3.7% from last week’s GDT #381, settling at US$4,030/t. The settled price was 3.6% lower than the price achieved at the...
GDT Index Declines

Index Falls On Mixed Results

GDT event #381 yielded a 1.6% decrease in the overall index The auction was similar to the previous auction with negative results across NZ products other than AMF, while EU fat, SMP and cheese prices lifted in line with recent form in that market. WMP took the...
GDT Index Declines

Pulse Prices Slide

Both powders recorded price declines at this week’s GDT Pulse event. Regular grade WMP prices fell 3.8% compared to GDT #380 and were 3.5% lower than the price achieved at the prior Pulse event, settling at US$4,185/t. The nearest SGX-NZX futures contract settled at...
GDT Index Declines

GDT Price Index Falls 0.9%

The price index fell 0.9% at GDT #380 in what  was a mostly negative result for NZ product values. AMF was the only commodity that posted average gains, while EU products echoed firmer fat, SMP and cheese prices in line with recent wider market trends. WMP  regular...
GDT Index Declines

Pulse Prices Declines

Regular grade WMP and medium heat SMP prices fell at this week’s Pulse compared to last week’s GDT #379. Regular grade WMP settled at US$4,335/t, declining 3% from GDT #379 but 3.3% above prices achieved at the prior Pulse event. The nearest SGX-NZX futures contract...