The fourth GDT Pulse auction saw prices for WMP C2 lift 4.4% to US$3,565/t with the C2 WMP price increasing US$25/t from the C2 price achieved at GDT #315. The auction lasted 9 rounds over 29 minutes with 965t of the maximum 1,000t WMP sold, indicating good demand for regular WMP. NZX expects prices to move higher based on SGX-NZX dairy derivatives market prices of the September 2022 WMP contract, which is priced at US$3,635/t.