US dairy producer completes first offering through GDT platform

Date: 07.07.2023Source: Darigold

Darigold has joined the Global Dairy Trade (GDT) platform and has completed its first product offering through GDT Events. Through the offering, initiated on July 4 as part of GDT Trading Event 335, Darigold offered two skim milk powder products and one buttermilk powder product.

Darigold, one of the largest dairy producers in the United States processing nearly 10 billion pounds of milk annually, is looking to leverage its proximity to global shipping infrastructure and building a new production facility in Central Washington to support its global growth ambitions. Working with GDT expands the co-op’s reach into new markets and provides access to more customers, making GDT an important strategic partner in Darigold’s global transformation.

Said Joe Coote, CEO, Darigold: “The Darigold brand is beloved in the Northwest where our farmer-owners are raising cows and our teams have been producing high-quality dairy products for more than 100 years. But the growth opportunities in dairy are more robust in global markets, and our co-op is uniquely positioned to leverage this opportunity. While we’re already a top-tier dairy producer in the United States, there’s an opportunity for us to transform Darigold into a global leader in the category as well. That’s one of the ways we are continuing to build value for our farmer-owners, our co-op, and our customers.”

To further support its global growth goals, the co-op broke ground last year on a new, $600 million production facility in Central Washington – its third major capital investment in as many years – to expand production capacity. When fully operational, this new facility will allow Darigold to process an additional 8 million pounds of milk per day, creating on-farm expansion opportunities for its farmer owners.

Added Eric Hansen, CEO, Global Diary Trade: “Our three-year strategic plan includes a focus on improving the global supply of dairy products. In line with this, we are actively looking to attract new sellers from all global milk pools to offer our bidders more choice and enable GDT to publish credible reference prices for more products and across more regions. US exporters play a significant role in our model, and we are thrilled to have a top-tier producer like Darigold join GDT.” For more visit darigold.com

David Cox / IDM

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