RPT-China sales targeted as British dairy joins global auction
(Repeats without change to text)
LONDON Dec 2 (Reuters) - Arla Foods will sell British skimmed milk powder at a global auction later this month, marking the first such offering of a UK dairy product as the cooperative looks to gain access to more lucrative markets such as China.
British skimmed milk powder will be offered at the twice-monthly auctions from Dec. 17, Arla said in a statement.
The auctions were started in 2008 by the world's biggest dairy exporter, New Zealand's Fonterra Co-Operative Group , and are run by CRA International.
A spokeswoman for Arla said that through the auctions it hoped to access the Asian market, where prices were around 5 percent higher than in Europe.
"It is mainly China but also the Middle East. China is the key driver within that market," the spokeswoman said.
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