FDBusiness.com

Arla Foods Ingredients to Offer Lactose in Global Dairy Trade Auction

 Breaking News
  • Ardgowan Unveils Plans For Inverclyde Distillery Ardgowan Distillery has revealed ambitious designs for its new £12 million distillery which is being built on the Ardgowan Estate near Inverkip, 30 miles west of Glasgow. The plans showcase the flagship building which has just secured revised planning consent from Inverclyde Council. The striking new design, by Michael Laird Architects, brings a number of improvements [...]...
  • HKScan Launches Exports of Finnish Poultry Products to Sweden HKScan, the Nordic food and meat group, has started exporting Finnish poultry products to Sweden. They will initially be sold through the largest retailer ICA’s outlets under the Karinäs®(Kariniemen®) brand. The launch gives Swedish consumers access to a new innovation: high welfare farm-born poultry that is hatched on the farm where it is raised. This new concept is [...]...
  • Almonds Retain Top Spot For Nut Introductions in Europe According to Innova Market Research’s latest Global New Product Introductions Report, almonds retain the number one spot for nut introductions in Europe. With a 47% share of global almond product introductions, the region leads globally for the eleventh year running. Europe as a whole saw a total of 5,017 new introductions with almonds – a [...]...
  • Arla Foods UK Launches New Standards Model to Bring Sustainable Change to Dairy Farming With ongoing volatility in the global milk markets, increasing consumer misunderstanding of the sector, polarised levels of support for UK dairy farmers and a new post-Brexit Agriculture Bill the challenges for dairy farmers are mounting. Farmer-owned co-operative Arla Foods has launched ‘Arla UK 360’ – a new standard in UK dairy farming. The Arla UK 360 [...]...
  • €172 Million to Promote EU Agri-food Products In and Outside the EU The European Commission will provide funding of €172.5 million from the EU agricultural budget to promote EU agri-food products in Europe and across the world. 79 campaigns, covering a wide range of products such as dairy products, olives and olive oil, and fruit and vegetables, will be rolled out over the next three years. Agriculture and [...]...

Arla Foods Ingredients to Offer Lactose in Global Dairy Trade Auction

Arla Foods Ingredients to Offer Lactose in Global Dairy Trade Auction
January 26
12:49 2015

Arla Foods Ingredients is set to sell lactose ingredients through the Global Dairy Trade (GDT) online auction platform for the first time as part of its bid to become the world’s leading lactose supplier.

More than 900,000 tonnes of dairy ingredients are traded each year on GDT, the majority in the form of milk powder. However, only limited volumes of lactose are currently sold through the platform. Arla Foods Ingredients intends to start selling lactose via GDT from 15 April 2015.

“GDT attracts more than 650 qualified buyers from more than 90 countries, and yet at present they have very little access to lactose through the platform. We can fill this gap in the market by offering our high quality lactose through GDT, which will boost our efforts to become market leader in the global lactose ingredients sector,” says Luis Cubel, Sales Director for Arla Foods Ingredients’ Permeate & Lactose Business.

“Arla Foods, our parent company, already trades skimmed milk powder on GDT so we know how effective it can be in terms of reaching existing and new customers. Our move into lactose will enhance our position in the market,” he says.

GDT is open for bidders twice a month via an online auction. Sellers announce the volume of product available and the starting price, and bidders submit bids on the volume they would like to buy at that price. If demand exceeds supply, the Trading Manager then increases the price for the next round. This continues round by round in an ascending price clock auction until all bidding has ceased.

Arla Foods Ingredients’ decision to offer lactose through GDT comes at a time when the company is in the process of significantly increasing its lactose volumes. The official opening of Arla Foods Ingredients’ new lactose factory in Jutland, Denmark, took place in November 2014. When fully operational it will take Arla Foods Ingredients’ total lactose output – including that produced through joint-ventures – to 115,000 tonnes during 2015.

A subsidiary of Arla Foods, the dairy co-operative owned by dairy farmers in Denmark, Sweden, the UK, Germany, Belgium and Luxembourg, Arla Foods Ingredients is a global leader in natural whey ingredients for products in a range of categories – from bakery, beverages, dairy and ice cream to clinical, infant and sports nutrition.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
  • October 31, 2018Int'l exhibition for food products and equipment (Indagra Food)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements