Prices for NZ and EU milk powders rose at this week’s Pulse event.

NZ regular grade WMP rose 1.0% against GDT #395 and +7.6% on the prior Pulse event, settling at US$3,395/t. Instant WMP settled at US$3,490/t, up 1.0% compared to GDT #395 and 7.4% higher than the previous Pulse. NZ medium heat rose 2.1% on GDT #395 and +6.6% against the prior Pulse, settling at US$2,660/t. Arla medium heat SMP settled at US2,485/t, 4.0% ahead of C2 prices achieved at GDT #395 and +5.7% ahead of the latest Pulse price.