GDT Index Declines

GDT Index Declines

Event #406 delivered another weaker outcome with price declines across all major products as demand, especially from North Asia (China), remains soft. The index decreased 2.8%. Fonterra C2 Regular WMP dipped 4.1% to US$3,550/t — just US$5/t lower than the price...
GDT Index Declines

Powders Dip at Pulse Auction

Price signals at this week’s GDT Pulse event converged, with powders easing lower while fats held steady to firmer. NZ regular WMP C2 settled at US$3,555/t, down 3.9% from GDT #405 and –3.8% lower than the prior Pulse event. NZ instant WMP C2 settled at US$3,650/t,...
GDT Index Declines

GDT Index Dips

The GDT Index fell 0.6% at event #405. Chinese participation was at a historic low, making room for stronger purchases from SE Asian buyers . Powder prices dropped across the board. Fonterra C2 Regular WMP lost 1.1% to US$3,700/t, while Fonterra MH SMP C2 eased 2.8%...
GDT Index Declines

Butter, Powders Push GDT Index Higher

The GDT index rose 0.6% at event #404, pushed higher by lifts in powders and butter and despite overall lower demand at the event. Powder prices were mixed with Fonterra C2 Regular WMP prices up 1.1% to US$3,740/t, while the Fonterra MH SMP C2 prices dropped 0.3% to...
GDT Index Declines

Powders Rise Again on GDT

The GDT Index rose 1.5% at event #403 with limited participation from China and Middle East buyers. Higher powder prices offset falling butter and cheese prices. Powder prices rose, thanks to SE Asia picking up a larger share of total volume. Fonterra C2 Regular WMP...