EEX Press Release - EEX Dairy Derivatives markets set new trading record for H1 2021

    The European Energy Exchange (EEX) set a new record volume in its Dairy Derivatives markets in the first half of 2021. With 77,760 tonnes equivalent traded (equals 15,552 contracts), EEX volumes increased by 58% compared to H1 2020 (49,300 tonnes, equals 9,860 contracts).

    This result was driven by major increases in EEX’s European Butter Futures where volume rose by 70% to 35,880 tonnes (equals 7,176 contracts) while European Skimmed Milk Power Futures achieved a 45% growth, reaching a volume of 40,350 tonnes (equals 8,070 contracts). The H1 trading volume in both products also hit new records.

    The strong upswing in trading activity underlines EEX’s position as Europe’s leading dairy derivatives market. “The performance of EEX Dairy Derivatives in H1 2021 reflects the ever increasing utilisation of price risk management tools by the European dairy industry. In particular, we have seen strong growth in the adoption of farmer “forward pricing programmes” using EEX futures as the basis for contract pricing. This, in turn, increases overall futures contract liquidity and provides further opportunities for other participants in the supply chain to hedge their price risk.” says Sascha Siegel, Head of Agricultural Commodities at EEX.

    In the first half of 2021, EEX European Processing Potato Futures were still affected by the consequences of the Covid-19 situation which strongly impacted the demand side for Processing Potatos/ French fries in Europe and beyond.

    The overall volume in EEX Agricultural products increased by 3% to 26,756 contracts.

    EEX Volumes (contracts) H1 2021H1 2020Change
    TOTAL Agricultural Products26,75626,0603%
    European Processing Potato Futures11,20416,200-31%
    European Dairy Futures15,5529,86058%
    -thereof: Butter Future7,1764,22570%
    -thereof: Skimmed Milk Powder Future8,0705,58145%
    -thereof: Whey Powder Futures30654467%

     

    For the full overview of EEX Group’s volumes in the first half of 2021, please click here.

    The European Energy Exchange (EEX) is the leading energy exchange which develops, operates and connects secure, liquid and transparent markets for energy and commodity products around the globe. As part of EEX Group, a group of companies serving international commodity markets, it offers contracts on Power, Natural Gas and Emission Allowances as well as Freight and Agricultural Products. EEX also provides registry services as well as auctions for Guarantees of Origin, on behalf of the French State.

    More information: www.eex.com

     

    Contact: EEX Public Relations

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