This week’s Pulse event brought another price correction for SMP, WMP and AMF. GDT unable to publish a settle price for butter as the winning price was assessed as being non-market determined.

The NZ regular WMP C2 price settled at US$3,500/t, down 1.4% from GDT #406 and 1.5% lower than the prior Pulse event. SMP prices were mixed. NZ Medium Heat C2 settled at US$3,225/t, down 2.1% from the previous Pulse event and down from the price achieved at GDT $406 (US$3,380/t). Arla MH SMP C2 rose +1.9% from GDT #406 to US$3,160/t and remains the most competitive prices.