This week’s Pulse event was mixed for powders and fats.

Regular WMP C2 prices settled at US$3,655/t, unchanged from GDT #398, while Fonterra’s medium heat SMP C2 prices rose 2.3% on GDT #398 to US$3,050/t. The nearest futures prices for both powders settled higher than the achieved prices. Arla origin MH SMP rose 1.2% to settle at US$2,945/t. 

Regular AMF C2 prices softened against GDT #398, down 0.5% to US$6,640/t, while butter prices rose 3.0% YOY to US$6,615/t.