Dairy Cooperative goes live with comprehensive risk solutions in six weeks on Eka’s digital commodity management platform - Case Study

Background
A world-class dairy cooperative made up of close to 1,500 farmers supplies cheese, dairy products, and ingredients to national and international markets. They have a flexible, diverse plant network that allows them to manufacture products and ingredients that are most in demand – and provides a strong, secure market for their memberowners’ milk.

Business challenge
The dairy cooperative was using FC Stone to manage trading and execution. They were managing risk – including mark-to-market, hedges, open positions, and P&L – using multiple spreadsheets. As market dynamics became more volatile, and their business grew, they needed a more structured approach to risk. They did not want to replace FC Stone, because that system was working for trading and execution. They needed a comprehensive, out-of-the-box commodity risk management solution that could be quickly and easily integrated into their existing system.