by Freshagenda | Apr 18, 2024 | GDT, Global
The price index edged 0.1% higher at event #354 on a reduced offering for now but news of higher deliveries in coming months. SMP was flat on average, down 0.4% to US$2,541/t as later contract periods flattened, offsetting a 2.6% increase in Fonterra MH C2 price....
by Freshagenda | Apr 11, 2024 | GDT, Global
Regular grade WMP prices rose at this week’s GDT Pulse event with prices up 0.6% against GDT event #353 and 5.1% ahead of the previous Pulse event at US$3,215/t. Instant WMP settled at US$3,310/t, taking the weighted average WMP price to US$3,280/t. Futures settled...
by Freshagenda | Apr 4, 2024 | GDT, Global
GDT event #353 recovered part of the ground lost at the previous event, with the overall price index up 2.8%. Demand was above average across commodities, most impressively in fats. Chinese involvement was better than the previous event, but still on the low side of...
by Freshagenda | Mar 28, 2024 | GDT, Global
The latest Pulse event saw both WMP and SMP prices ease. Regular WMP sold for US$3,060/t lost 1.1% from the GDT event #352 last week and was down 3% from the previous Pulse auction. Instant WMP settled at US$3,155/t. Meanwhile, medium heat SMP prices settled at...
by Freshagenda | Mar 21, 2024 | GDT, Global
The price index fell 2.8% at this week’s GDT auction #352 on a reduced offering. Weakness in SMP markets was reflected in the 4.6% decline in SMP price to average US$2,517/t, a 6-month low. Chinese buyers took their lowest tonnage since May last year. WMP prices lost...
by Freshagenda | Mar 14, 2024 | GDT, Global
Regular grade WMP fell to US$3,155/t at this week’s GDT Pulse event, down 2% compared to GDT auction #351 and 2.3% behind the previous Pulse result. The March 2024 SGX-NZX WMP futures contract settled at US$3,180/t– just US$25/t higher than the achieved C2 regular WMP...
