The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have successfully concluded the initial consultation period regarding the establishment of a joint venture to operate a Europeanbased
auction mechanism for European dairy products.
The initiative between EEX and GDT received a high level of interest in the market during the evaluation process. To date, EEX and GDT have met with more than 50 key participants of the dairy value chain. Sellers and buyers across France, Germany, Ireland, the Netherlands, Scandinavia, Switzerland, the United Kingdom, as well as buyers from Asia.
Following the completion of the market consultation and initial evaluations with potential IT partners, EEX and GDT will now enter the next phase of the project to further develop the scope of possible services, obtain commitments from potential customers, validate commercial viability and agree a partnership arrangement between EEX and GDT.
Final decisions by both partners on the initiative are expected by mid 2019. If positive, the first auction of the new venture would take place in 2020.
About EEX
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power and Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.
About Global Dairy Trade
Global Dairy Trade is a wholly-owned subsidiary of New Zealand-based Fonterra Cooperative Group Limited, and is the world’s leader in global dairy trading. Global Dairy Trade offers a range of
complementary services for dairy buyers, manufacturers and the financial dairy trading sector. GDT Events is a twice-monthly public price discovery auction for generic, large-volume products. It is the leading dairy auction globally with over 520 registered bidders from more than 80 countries. GDTMarketplace is a 24/7 e-commerce trading platform enabling the trade of any dairy product, at any time, in any quantity. GDT also provides an information subscription service known as GDT Insight. For more information about Global Dairy Trade please visit www.globaldairytrade.info
EEX Public Relations
T +49 341 2156-300 (Leipzig) | +44 207 862-7568 (London)
presse@eex.com | www.eex.com
Augustusplatz 9 | D-04109 Leipzig
Global Dairy Trade
Meagan Murdoch
T +64 29 4818184
Meagan.Murdoch@baldwinboyle.com