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GDT Pulse

GDT Pulse

Launched in August 2022 by GDT and Fonterra, GDT Pulse is a pilot service offering shorter, more frequent online auctions to complement GDT Events. Auctions typically last 10–20 minutes and provide additional price discovery for core dairy commodities.

GDT Events continues to be the large volume, high liquidity events that the dairy industry watches, while GDT Pulse intends to provide interim price discovery for core commodity products between the GDT Events auctions.

Key Differences between GDT Events and GDT Pulse

GDT Pulse Auction Dates 2025

Product Specifications Offered

Arla Foods

  • Skim Milk Powder, Medium Heat EU

Fonterra

  • Skim Milk Powder, Medium Heat NZ
  • Whole Milk Powder, Regular & Instant

Published Results/Prices

The following key metrics are displayed on the GDT website via the GDT Pulse tab, immediately following each GDT Pulse auction:

  • Average price
  • Number of winning bidders
  • Number of participating bidders
  • Number of bidding rounds
  • Duration of GDT Pulse auction
  • Minimum supply (MT)
  • Maximum supply (MT)
  • Quantity sold (MT)

Governance and Trading Rules 

The GDT Events Oversight Board has approved proposed rule changes to the GDT Trading Event Rules to incorporate GDT Pulse.

Important Information for Bidders

Eligibility

GDT Pulse auctions are accessible to all registered GDT Events bidders, but just like GDT Events, only bidders that have eligibility to purchase products offered on GDT Pulse, are able to participate in a GDT Pulse auction.

  • To read more about becoming a bidder on GDT Events, see here. 

Pre-auction Supply Information

GDT Events bidders can access GDT Pulse pre-auction bidder data such as CPBL, BCI and product restrictions by looking at the most recent GDT Trading Event in the GDT Events Bidder Portal.

GDT Pulse pre-auction supply information is posted as a bidder announcement on the homepage of the GDT Events Bidder Portal four days before each GDT Pulse auction.

As occurs with GDT Events, bidders need to contact their seller sales teams to organise Contract Period Bid Limits, freight rates etc.

Accessing the GDT Pulse Auction Website

Existing GDT Events bidders can login via MyGDT (the home for all GDT services) using their GDT login credentials. Only bidders that have eligibility to purchase products on GDT Pulse can view the product on offer and participate in a GDT Pulse auction.

Post-auction Information 

As occurs with GDT Events, participating GDT Pulse bidders can view their results and download them through the GDT Pulse Auction Website for up to 24 hours after an auction. For the duration of the pilot period, bidders will not be able to access GDT Pulse post-auction information in the MyGDT Bidder Portal.

The after-sales process for GDT Pulse is the same as GDT Events; sellers will contact the winning bidders and issue contracts for the volume won.

GDT Pulse Training Materials

GDT Pulse training materials are available on the GDT Pulse Training Resources page, accessible via MyGDT.