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

Featured

Being a rural vet is ‘fantastic’

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s New Zealand Veterinary Association Te Pae Kīrehe (NZVA) awards.

Editorial: Long overdue!

OPINION: The Government's latest move to make freshwater farm plans more practical and affordable is welcome, and long overdue.

National

Lame stories from a country vet

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s…

Machinery & Products

Gongs for best field days site

Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive…

Amazone extends hoe range

With many European manufacturers releasing mechanical weeding systems to counter the backlash around the use and possible banning of agrochemicals,…

Gong for NH dealers

New Holland dealers from around Australia and New Zealand came together last month for the Dealer of the Year Awards,…

» Latest Print Issues Online

Milking It

Less hot air

OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where…

Dollars go offshore

OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter