Fonterra to expand product range on GDT Pulse

Global Dairy Trade (GDT) has today (Friday, September 1) announced that Fonterra plans to expand its product range on GDT Pulse for the remainder of the pilot period.

Starting in October 2023, Fonterra will introduce both instant whole milk powder (WMP) and skim milk powder (SMP), in addition to the whole milk powder regular contract period 2 which is currently being offered.

This expansion is expected to attract more participants and further enhance market liquidity, according to GDT.

GDT Pulse

Since its joint launch by GDT and Fonterra around a year ago, the pilot version of GDT Pulse has sought to expand GDT’s service offering for buyers and sellers by facilitating more frequent price discovery.

Up to mid-July, 26 auctions had been conducted on the platform, with 25,427MT of product sold, amounting to a cumulative value of almost $83 million.

The average clearance rate for the products offered on GDT Pulse stands at 97.8%.

The auctions have typically consisted of an average of eight bidding rounds, with a total auction duration averaging 17 minutes.

On average, each auction has attracted the participation of 30 bidders, out of which an average of 15 have emerged as winning bidders.

If the pilot is deemed successful, GDT will consider investing in platform upgrades to ensure scalability and explore the possibility of offering more auctions.

The platform also aims to broaden its scope by inviting other sellers to offer their products, promoting increased diversity and expanding market opportunities for buyers.

Meanwhile, the GDT index dropped to levels last seen in November of 2018 following the most recent trading event on August 15.

The auction, during which 33,580MT of product was sold, resulted in a significant fall of 7.4% in the index.

Of the products that were offered at the event, WMP took the biggest hit, with that sub-index plunging by 10.9%, reflecting an average price of $2,548/MT.


I'm William from America, I'm a food lover, often discovering and making new recipes. I started my blog to share my love for food with others. My blog is filled with delicious recipes, cooking tips, and reviews about restaurants and products. I'm also an advocate for healthy eating and strive to create recipes that are easy to make and use fresh ingredients. Many of my recipes contain vegetables or grains as the main ingredients, with a few indulgences thrown in for good measure. I often experiment with new ingredients, adding international flavors and finding ways to make dishes healthier without compromising on flavour. I'm passionate about creating simple yet delicious recipes that are fun to make and can easily be replicated at home. I also love sharing my experiences eating out with others so they can get the best out of their dining experiences. In addition to cooking and writing, I'm also an avid traveler, often visiting new places to discover local delicacies and explore different flavors. I'm always looking for a new challenge – whether it's trying an exotic food or creating a new recipe using unusual ingredients. My blog is a reflection of my passion for food and I'm always looking for new ways to share it with the world. Join me on my culinary journey and let's explore delicious foods together!

Related Articles

Back to top button