Land O’Lakes Inc will become the second U.S. firm to join the world’s dairy trading platform, adding a potentially big exporter of skim milk powder to the internationally traded dairy market.
GlobalDairy Trade was set up in 2008 by New Zealand’s Fonterra. Land O’Lakes will begin offering skim milk powder, via the platform in March, while it will supply butter later in 2014, GlobalDairy Trade said.
Land O’Lakes is the third company this year to announce that it will join the platform, following India’s Amul and France’s Euroserum.
DairyAmerica, Australia’s Murray Goulburn and the Swedish/Danish firm Arla also supply to the platform.
Source: Reuters