MG managing director, Gary Helou, said that the company was very pleased to be participating in GDT which represents an efficient, transparent and independent method of selling dairy products on the global market.
“Lactose is a product that is growing in importance in the marketplace. This is driven by increased demand for lactose for products such as infant formula and other nutritionals. Offering lactose on GDT will further develop the market for this product and has the potential to reduce volatility and provide more reliable price discovery for buyers and sellers. Accordingly we are confident that MG’s involvement will provide benefits to MG shareholders and customers,” he said.
General manager of GDT, Paul Grave said that MG had become the third participant in GDT, joining Fonterra and Dairy America. Grave said: “MG’s decision to offer lactose is a further significant step for GDT as it adds a new product to the platform that is not currently offered by existing sellers.
“This demonstrates GDT’s increasing role as a key platform for international trade in a broad range of dairy commodities. We are delighted that a company of MG’s standing and importance in world dairy markets has decided to participate in GDT and play a part in shaping its future.”
Source: Murray Goulburn
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