US dairy giant joins Fonterra's GlobalDairyTrade
DairyAmerica represents about 45% of America's dairy production.
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American dairy giant DairyAmerica will begin offering products on Fonterra’s Global Dairy Trade auction platform from October 4.
DairyAmerica represents nine co-operatives that between them produce about 45% of all Nonfat Dry Milk and Skim Milk Powder produced in the USA.
Its chief executive Rich Lewis said, “looking forward, the company would be managing a significant proportion of its export business through Global Dairy Trade, rather than through distributor and reseller arrangements.”
Mr Lewis said that “today’s announcement marks a ‘coming of age’ for DairyAmerica’s export business.
The first products to be offered by DairyAmerica will be Skim Milk Powder (SMP) products suitable for import into a large number of countries with other products to be added over time.
GlobalDairyTrade sales to date total US$4 billion. It currently trades around 650,000 metric tonnes of products annually and has around 350 registered bidders from 67 countries.
NBR staff
Thu, 21 Jul 2011
Thu, 21 Jul 2011
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US dairy giant joins Fonterra's GlobalDairyTrade
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