Round the clock butter trading
the dairy industry, this week announced the launch of a new butter
exchange.
Dairy.com, a leading US-based Internet marketplace that focuses on the dairy industry, this week announced the launch of a new butter exchange. Thirty-nine companies have already joined the new market, which provides 24-hour trading of any type or grade of butterfat.
The Dairy.com Butter Exchange aims to reduce the time and cost of trading butterfat, while increasing market visibility across the industry. Sellers can market to the entire industry, while buyers can access a centralised pool of inventory.
Scott Sexton, president of Dairy.com, said: "The Dairy.com Butter Exchange is the industry's answer to the questions about how to more efficiently trade a broad range of butterfat commodities. At the request of our customers, we have quickly provided the industry with a means to buy and sell butter, anhydrous milk fat, concentrated milk fat, whey cream butter, and butter oil with ease,"
The Dairy.com Butter Exchange allows members to specify butterfat by quantity, type, grade, make and availability dates, package size and certification.
