Sweet whey powder will be offered for the first time later
this year on the GlobalDairyTrade (GDT) auction platform
German dairy co-operative Molkerei Ammerland will join the
seven existing sellers on GlobalDairyTrade in September.
The co-operative, which specialises in cheese, butter, whey
powders, milk powders and fresh dairy products, processes
more than 1.5 billion kg of milk for sale to more than 50
Exports already made up 49% of its sales and would become
increasingly important as it increased production capacity,
chief executive Ralf Hinrichs said.
GDT would give the company the opportunity to access
worldwide demand for dairy and to compete more effectively on
the world stage.
GDT director Paul Grave believed the addition of sweet whey
powder would be welcomed by the platform's network of more
than 650 registered buyers.
All eyes will be on this week's GDT result, after price
declines resumed in the most recent fortnightly auction.
That has put pressure on Fonterra's opening milk price
forecast of $7 a kg of milk solids for the 2014-15 season.
June was a record trading month for NZX Dairy Futures and it
also marked a milestone of reaching 100,000 tonnes trades
since the market was launched.
The second quarter of 2014 had seen a move to the ''next
level'' of trading activity, NZX head of derivatives Kathryn
Average daily volume reached 325 tonnes over the period and
in June it reached arecord high of 600 tonnes traded daily.
The extension of trading hours in August 2013 has contributed
to the growth in volume and more recently there had been a
''real increase'' in participation from customers in Asia, Ms
That organic growth came from increasing demand for risk
management in a continuing volatile environment, she said.
The Commodity Futures Trading Commission's authorisation of
NZX as a foreign board of trade had also sparked further
interest from United States participants.