in November 2016, the European Energy Exchange (EEX) achieved a new monthly record in dairy futures totaling 1,884 contracts which is equivalent to 9,420 tonnes. This is an increase of 10 % on the previous monthly record of 1,713 contracts (equivalent to 8,565 tonnes) which was registered at EEX in April 2016.
The volume includes 1,462 contracts traded in Skimmed Milk Powder Futures (equivalent to 7,310 tonnes), which is almost a six-fold volume increase compared to the previous month (October 2016 : 244 contracts; equals 1,220 tons). Furthermore, 407 contracts were traded in Butter Futures (equivalent to 2,035 tonnes) and 15 contracts traded in European Whey Powder Futures (corresponding to 75 tonnes).
With this record month, EEX is further expanding its position as the leading derivatives market for dairy products in Europe.
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). More information: www.eex.com