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A new "mini" version of the Global Dairy Trade (GDT) auction will benefit both buyers and sellers by providing price discovery on a more frequent basis, Fonterra's chief financial officer Marc Rivers says.
The pilot version of "GDT Pulse" which kicks off next Wednesday, was "another step forward" for the co-op's partnership with New Zealand's Exchange (NZX) and the European Energy Exchange (EEX), Rivers told The Country Sport Breakfast's Brian Kelly.
In February, Fonterra announced a strategic partnership with NZX and EEX to each take equal ownership stakes in GDT alongside the co-op.
The arrangement means each can work together to grow the GDT auction platform's presence across Asia and Europe, where EEX and NZX have comprehensive coverage.