Prices strengthen across key dairy products in Pulse Event 99

Pulse Event 99, the eighteenth auction of the 2025/26 milk season, was characterized by a bullish sentiment compared with both the previous Pulse event and the second-most recent GDT auction (Event 396).NZ WMP Regular increased by 0.59% compared with the previous Pulse event and by 0.89% versus Contract 2 at GDT Event 396. Total sales reached 1,067 tons.WMP Instant rose by 0.57% compared with the previous Pulse event and by 3.24% versus Contract 2 at GDT Event 394. Volumes sold amounted to 236 tons.NZ SMP (Medium Heat) posted a strong gain, rising by 4.89% compared with the previous Pulse event and by 5.48% versus Contract 2 at GDT Event 396. Total sales reached 750 tons.ARLA SMP settled at $2,715 per ton, representing an increase of 9.26% compared with the previous Pulse event.Pulse events - 2025/26 season 2025/26 season Event SMP Medium Heat mt sold SMP MH Arla mt sold WMP Instant mt sold WMP Regular mt sold 81 2725 500 2600 369 4370 350 4030 875 82 2710 455 2695 300 4155 398 3935 831 83 2715 500 2680 100 4180 330 3825 875 84 2860 500 2700 100 4105 364 3940 875 85 2830 492 2695 125 4230 291 3960 875 86 X X X X X X X X 87 2690 251 2690 708 4050 490 3955 760 88 2610 816 2575 163 3865 433 3770 911 89 2615 909 n.p. 3870 339 3770 911 90 2600 1003 n.p. 3860 170 3765 1235 91 2585 897 n.a. 150 3745 423 3659 1077 92 2530 986 n.p. 126 3665 290 3560 1210 93 2540 943 n.p. 126 3540 225 3445 1194 94 2535 981 2395 169 3400 200 3295 1300 95 2485 997 n.p. 3325 206 3230 1294 96 2455 980 2320 298 3210 445 3115 1055 97 2495 1000 2350 151 3250 234 3155 1266 98 2660 657 2485 201 3490 842 3395 658 99 2790 750 2715 300 3510 425 3415 1067 ∆% vs previous Pulse event 4.89% 9.26% 0.57% 0.59% ∆% vs C2 in GDT event 396 5.48% 3.24% 0.89% Meanwhile, GDT Event 399 has also taken place, delivering a very positive overall result, with the index increasing by 6.7%.