Saturday, April 27, 2024

New product and trader added to GDT

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Another trader and a new product are being added to Fonterra’s GlobalDairyTrade platform.
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Molkerei Ammerland will join the seven sellers on the platform in September and be the first to offer sweet whey powder.

Molkerei Ammerland, one of Europe’s leading dairy co-operatives, gathers milk from more than 2000 farmers across northwest Germany and through its state of the art production facilities processes more than 1.5 billion kilograms of milk for sale to more than 50 countries.

It specialises in cheeses, butter, whey powders, milk powders, and fresh dairy products and has more than 125 years’ experience.

Molkerei Ammerland chief executive Ralf Hinrichs said “Exports already make up 49% of our sales and will become increasingly important as we increase our production capacity.

“GDT gives us the opportunity to access worldwide demand for dairy and to compete more effectively on the world stage.”

GlobalDairyTrade director Paul Grave said “We believe the addition of sweet whey powder will also be welcomed by the network of over 650 registered buyers as we continue to expand GDT’s role as a key platform for international trade in a broad range of dairy commodities.”

Since its inception in 2008 GDT has sold more than US$14 billion of dairy ingredients products.

The introduction of sweet whey powder extended GDT’s offerings to nine product groups offered by eight producers.

GDT had traded more than one million tonnes in the last year and the new development would further deepen the liquidity and price transparency for these products, Grave said.

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