GDT results up across the board

GDT results up across the board

Once again, despite the tight fat and SMP supplies in the EU and another strong run-up by NZX milk powder futures quotes, the index for event 294 was just 2.2% higher. The major powders made small gains on average while fats were reflective of the limited options...
GDT goes sideways

GDT goes sideways

Despite the strong direction offered by near-term milk powder futures quotes, prices in GDT event 293 posted small changes, with the index staying flat compared to the previous outing. SMP gained 0.4% on average to US$3,315/t but the changes were mixed across...
GDT goes sideways

GDT prices improved 1%

The 292nd event index posted a 1% gain with the powders providing the gains despite the continued subdued involvement of Chinese buyers. WMP gave the best result a little better than futures market indicators with rising fat and protein values in the lead-up. WMP...
GDT goes sideways

GDT prices improve across the board

GDT event #291 posted a 4% increase in the price index, on a larger overall offering of 25,093t compared to #290. Powders provided the strongest percentage gains despite the lower involvement of Chinese buyers. Demand was better across the board and the event achieved...
GDT goes sideways

GDT prices improve again

This was another eagerly awaited GDT event, with the market seeking direction after the recent volume changes. The event index posted a small 0.3% gain for the first gain in 9 events and only the 2nd rise in 11 events, but there was again plenty of positive news in...
GDT goes sideways

GDT result not quite as expected

GDT event 289 was a bit of an anti-climax after further reductions announced late last week in WMP and SMP offerings over the coming six months again failed to ignite greater buying interest. The result was a mixed outcome – the index was pulled lower by 1% (for...