This week’s GDT Pulse event delivered softer prices for fats while powder values lifted.

 WMP prices increased around 2% from GDT #409, with regular NZ WMP settling at US$3,510/t. SMP was stronger again, with NZ medium heat SMP reaching US$3,335, lifting 2.9% from the GDT #409 and 5.5% on the previous Pulse event. AMF was under pressure, with regular and premium-grade prices falling 2.5% and 3.4%, respectively, compared to GDT #409. Unsalted butter was broadly stable at US$5,230/t