GDT delivers 2% rise

GDT delivers 2% rise

Event #345 delivered an overall positive result with a 2% rise in the index. At 29,559t it was the lowest offering since July, despite a new product – mozzarella from Solarec. WMP prices rose 2.5% on average to US$3,104/t with greater interest from SE Asian...
GDT delivers 2% rise

Pulse: WMP prices

Average WMP prices lifted slightly at Pulse event #38 to US$2,979/t, edging up 0.1% from GDT #344 and 0.8% higher than Pulse event #37. Meanwhile, medium heat SMP prices fell to US$2,515/t, down 1.2% from GDT event #344 and US$70/t lower than the previous Pulse event....
GDT delivers 2% rise

GDT flat but mostly bad news

GDT event #344 yielded a flat index but the weight of the small gains in WMP drove that outcome to offset weaker NZ SMP prices and an ugly result in cheddar. SMP dropped 3.7% on average to US$2,622/t but the detail within that result wasn’t great for Oceania product,...
GDT delivers 2% rise

Pulse rising

WMP prices rose to US$2,955/t at this week’s GDT Pulse event #37, up 1.7% from the latest GDT event #343 and 0.9% higher than the price achieved at the previous Pulse event. The nearest SGX-NZX WMP futures contract settled at US$2,960/t, US$5/t higher than yesterday’s...
GDT delivers 2% rise

GDT eases

Prices were down 0.7% at GDT event #343, breaking the run of four consecutive positive events. However, there are more positives than negatives to be taken from this event. The Pulse results since the last event and futures signalled a slide in WMP prices, which fell...
GDT delivers 2% rise

Pulse drops

The gloss from the latest GDT event has worn off. GDT Pulse #36 saw prices fall for both WMP and SMP. WMP settled at US$2,930/t, down 2.8% from GDT event #342 and down 1.5% from the previous GDT Pulse event. The SGX-NZX WMP futures contract with November delivery...