date:Jul 29, 2013
d sellers in the market. It operates at arms length from its owner Fonterra with fortnightly auctions conducted on behalf of GDT by CRA International in accordance with market rules overseen by an independent advisory board of sellers and buyers.
Fonterra CEO Theo Spierings, said GlobalDairyTrade was one of the most important innovations he has seen during his more than 25 years in the dairy industry.
GDT provides a reliable platform for price discovery, setting a baseline for globally traded