Prices fell across commodities at this week’s GDT Pulse event except for AMF, for which prices were not published. Fonterra regular WMP averaged US$3,535/t, down 1.7% from the latest Pulse event and -3.4% lower than the price at GDT #400. Fonterra instant WMP averaged US$3,630/t, down -2.0% from the prior Pulse auction. NZ MH SMP prices averaged US$3,240/t, -2.1% lower than the previous Pulse and -2.7% lower than the C2 price at GDT #400. Arla’s MH SMP C2 price settled at US$3,170/t, down –2.5% from the previous Pulse.

Butter prices fell –4.0% from the latest Pulse event to average US$6,420/t.