Fonterra's GlobalDairyTrade investigates European tie-up

Mon, 04 Sep 2017

By Paul McBeth Sept. 5 (BusinessDesk) - Fonterra Cooperative Group's online auction platform GlobalDairyTrade is looking at a tie-up with the European Energy Exchange to extend the dairy offering available in the region. The two operators have signed a letter of intent to investigate whether they should set up a joint venture establishing and operating an auction mechanism for dairy products originating in Europe, they said in a statement. The companies will talk to buyers and sellers about joint price discovery through an auction design...

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