New trading platform for milk launched

Spokesman for the MPO Etienne Terre'Blanche said the trading platform would enable producers to offer their produce to the South African market.

"The trading platform will mainly cater for standardised six to 12 month contracts, but will also make provision for both short-term and once-off transactions," Terre'Blanche said.

He noted the new initiative would also allow producers to sell milk to the highest bidder, while giving buyers the choice of sourcing from a large number of producers nationally.

Terre'Blanche also said the MPO believed the trading platform would enable both producers and buyers to enter into contracts at "best price", based on supply and demand.

The new initiative was launched together with Market Square South Africa.

Source: Sapa

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