December 15, 2011

Arla Foods to sell on GlobalDairyTrade auction site

As the latest dairy processor to sell products on GlobalDairyTrade auction site, Arla Foods would start selling skim milk powder (SMP) medium and low heat products from April 3, 2012 and will then evaluate whether to sell more products.

Arla Foods CEO Peder Tuborgh said: "The GlobalDairyTrade (GDT) auction platform is one of the tools we intend to use to reach and service new and present customers in a cost effective way. We believe that customers will appreciate the opportunity to source Arla Foods products on the GDT auction platform."

The GDT platform was devised by Fonterra in 2008. In March, Fonterra said it was opening up the site to allow other dairy processors to sell products on the platform.

Earlier this month, Australian dairy co-op Murray Goulburn said it would sell lactose on the commodity auction platform.

GlobalDairyTrade has sold more than US$5 billion until now and around 700,000 tonnes of products are traded annually.