This week’s Pulse event delivered a slight rise in prices with regular grade WMP settling at US$3,270/t, up US$20/t from the C2 price at last week’s GDT. Futures markets were more optimistic, the nearest SGX-NZX WMP futures contract (February 2024) settled at US$3,335/t yesterday, US$65/t higher than the C2 regular WMP Pulse result.
Medium heat skim milk powder (SMP) prices were up slightly at last night’s auction, settling at US$2,650/t up US$5/t on the price achieved for C2 medium heat SMP at last week’s Pulse auction, and up US$60/t or 2.3% from the result at GDT 348. The nearest SGX-NZX SMP future for February settled US$40/t higher yesterday at US$2,690/t.
All 200t product offered was sold