MX appointed independent directors with expert skills in risk management and governance.
MX will launch the Stage 2 - Dairy Trades which extends online trading of milk & dairy products to 10 categories and 34 products.
This stage has been fast tracked to meet customer demand. It simplifies physical trading of dairy products and provides a robust governance framework.
The trading platform can trade dairy and opens the door to other commodities including agri. feed and farm inputs.
In what may be a world first, the Melbourne based eCommerce trading platform Milk Exchange is to hold an online auction for farm milk this week.
The event on Wednesday, April 21 between 9am and 2pm AEST will be the first for the new season 2021-22 farm milk.
The planned auction follows the broadening of the Milk Exchange's online milk trading platform, launched in October 2019, to include a "click to contract" initiative in December last year.
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