Pulse 116 · 8 Sept 2026
GlobalDairyTrade
−1.0%
GDT Pulse
The small auction on the Tuesdays between the events. A short list of products, a few thousand tonnes, a handful of rounds in a quarter of an hour. It settles nothing — it tells you whether the last event still holds.
−$ 39−€ 19 since 25 Aug 2026
Against the Pulse of 25 Aug 2026. Average $ 4,003€ 3,447 per tonne.
- average price
- $ 4,003€ 3,447
- quantity sold
- 3,452 mt
- winning bidders
- 33
- duration
- 0:14
Every Pulse since 9 Aug 2022
115 auctions, volume-weighted from GDT's own published prices. Euros are converted at the ECB rate of each auction's own day.
- 8 Sept 2026
- USD$4,003
Every product
Change is measured against the previous Pulse, not against the event.
Anhydrous Milkfat
▼ 0.9%$ 5,874€ 5,058/ mt
−$ 55−€ 26
- NZFonterraPremium 210kg drum$ 5,875€ 5,059
- NZ/AUFonterraRegular 210kg drum$ 5,830€ 5,020
16 auctions of history
Whole Milk Powder
▼ 1.0%$ 3,590€ 3,091/ mt
−$ 35−€ 17
- NZFonterraInstant, Regular$ 3,590€ 3,091
115 auctions of history
Skim Milk Powder
▲ 1.9%$ 3,653€ 3,145/ mt
+$ 69+€ 72
- NZFonterraMedium Heat$ 3,650€ 3,143
- EUArlaMedium Heat Regular$ 3,735€ 3,216
82 auctions of history
Butter
▼ 3.1%$ 4,975€ 4,284/ mt
−$ 160−€ 119
- NZFonterraUnsalted 25kg$ 4,975€ 4,284
16 auctions of history
How Pulse works
- supply offered
- 3,650 mt
- sold of supply
- 95%
- qualified bidders
- 614
- bidders present
- 56
- rounds
- 8
A thin auction is a signal, not a settlement. Pulse moves a few thousand tonnes against the tens of thousands an event clears, it prices a short list of products rather than the whole board, and it sells one contract period from one or two sellers. Read it as the market's temperature between events — useful precisely because it arrives a week early, not because it is the price.
Next PulsePulse 11722 Sept 2026 · 12:00 UTC
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