Friday, 16 June 2017 09:55

New GDT platform for small dairy sales booming

Written by 
GDT Marketplace has completed 1500 listings in a broad range of products including whole milk powder. GDT Marketplace has completed 1500 listings in a broad range of products including whole milk powder.

A new Global Dairy Trade Marketplace platform launched a year ago has attracted registered sellers from Europe, USA, Asia and Oceania.

Eric Hansen, director of Global Dairy Trade (GDT), says the 24/7 dairy Marketplace trading platform has proven to be an attractive conduit for buyers and sellers seeking to trade in smaller volumes than the larger generic trades executed on the price discovery platform known as GDT Events.

“GDT Marketplace provides immediacy and flexibility for businesses wanting to buy or sell a wide range of products in any quantity at any time on a reliable, safe and secure digital platform.”

GDT Marketplace now has 165 registered buyers, transacting with five major sellers. At least 1500 listings have been completed in a broad product range, e.g. generic ingredients like whole milk powders and cheese, and more specialist offerings such as flavoured milk powders and calcium caseinates used in sports nutritional products.

“GDT Marketplace is attracting strong interest from dairy companies, and we expect to see further expansion of sellers and products from different regions available through the platform,” says Hansen.

A GDT Marketplace buyer says participating on the platform had been good for business: “It is a convenient sales platform that provides me with visibility of ingredient prices any time, and a simple purchasing process to secure volumes.”

“These positive responses from both sides of the market demonstrate that this innovative service – which acts like a global shop front connecting buyers and sellers – is effectively complementing our primary GDT Events platform. In its first year of operation, GDT Marketplace has established its ability to discover new demand.”


More like this

Healthy margins despite slight dip in prices

Price signals for New Zealand farmers all point to healthy margins for dairy producers despite the slight drop in the GDT Event price index of 0.8% last week, says Rabobank dairy analyst Emma Higgins.


» Latest Print Issues Online

Milking It

Tuck in with impunity

Cheese lovers can breathe easy. Cheese, milk, and yogurt have been labelled ‘drugs’ of the food world. But are they…

‘We’ll see you right’

An ambulance service for cattle has begun in northern India’s Uttar Pradesh state in a bid to protect animals sacred…


» Connect with Dairy News



South Island wool sale eases

South Island wool sale eases

The 4700 bales on offer saw a 74% clearance with mixed results, however all prices paid locally are still above…

Wool continues to ease

Wool continues to ease

The 7250 bales of North Island wool on offer saw a 72% clearance with most types easing further.