Broad price strength across Pulse event 97

Pulse Event 97, the sixteenth auction of the 2025/26 milk season, was characterized by a bullish sentiment compared with the previous Pulse event and the second-to-last GDT auction (Event 394). The only exception was regular WMP, which recorded a slight decline.NZ WMP Regular increased by 1.28% compared with the previous Pulse event but declined by 0.19% versus Contract 2 at GDT Event 394. A total of 1,266 tons were sold.WMP Instant rose by 1.25% compared with the previous Pulse event and by 0.84% versus Contract 2 at GDT Event 394. Total sales reached 234 tons.NZ SMP Medium Heat (MH) increased by 1.63% compared with the previous Pulse event and by 1.42% versus Contract 2 at GDT Event 394. A total of 1,000 tons were sold.ARLA SMP settled at $2,350 per ton, up by 1.29% compared with the previous Pulse event and up by 1.29% versus Contract 2 at GDT Event 394. Sold volumes totaled 151 tons.Pulse events 2025/26 season Season 2025/26 Event SMP Medium Heat Sold tons SMP MH Arla Sold tons WMP Instant Sold tons WMP Regular Sold tons 81 $2.725 500 $2.600 369 $4.370 350 $4.030 875 82 $2.710 455 $2.695 300 $4.155 398 $3.935 831 83 $2.715 500 $2.680 100 $4.180 330 $3.825 875 84 $2.860 500 $2.700 100 $4.105 364 $3.940 875 85 $2.830 492 $2.695 125 $4.230 291 $3.960 875 86 X X X X X X X X 87 $2.690 251 $2.690 708 $4.050 490 $3.955 760 88 $2.610 816 $2.575 163 $3.865 433 $3.770 911 89 $2.615 909 n.p. $3.870 339 $3.770 911 90 $2.600 1003 n.p. $3.860 170 $3.765 1235 91 $2.585 897 n.a. 150 $3.745 423 $3.659 1077 92 $2.530 986 n.p. 126 $3.665 290 $3.560 1210 93 $2.540 943 n.p. 126 $3.540 225 $3.445 1194 94 $2.535 981 $2.395 169 $3.400 200 $3.295 1300 95 $2.485 997 n.p. $3.325 206 $3.230 1294 96 $2.455 980 $2.320 298 $3.210 445 $3.115 1055 97 $2.495 1000 $2.350 151 $3.250 234 $3.155 1266 ∆% vs previous Pulse event 1,63% 1,29% 1,25% 1,28% ∆% vs C2 in GDT event 394 1,42% 1,29% 0,84% -0,19% Meanwhile, GDT Event 395 has taken place, delivering a strongly positive overall result, with the index increasing by 6.3%.