GDT to hold public consultation on auction reforms

Published 26 May 15

Proposed changes to the Global Dairy Trade (GDT) auction’s operations will be put out to public consultation in a few weeks’ time. GDT operations manager Michael Nolan highlighted the plans whilst speaking at the Dairy Industry Newsletter (DIN) conference on 20 May.

The legal advice surrounding the current three month delay in publishing sold product quantities will be reviewed, as part of a drive to improve transparency. GDT also aim to improve the auction’s liquidity, in terms of quantities sold as well as product range.