EEX Butter (Frankfurt, DE)
FABT- Milk quantity below previous year's level
- European prices competitive again
- low cheese stocks with high demand
- seasonal milk quantity development
- Danger on the Red Sea makes freight costs more expensive
- The euro has recently become stronger again
Specification
08:45 - 18:00 (CET) last trading day until 12:00 CET
Exchange Trading: 08:55 - 18:00 (CET); last trading day until 12:00 CET
As a subsidiary of Eurex in Eschborn, EEX offers financially settled futures contracts on dairy products and processing potatoes for clearing in the agricultural sector. There is no possibility of physical settlement on the EEX.
All products are settled financially at maturity (cash settlement). Reference prices that adequately reflect the value of the traded products are used for this purpose. These price indices also increase market transparency in futures contracts.
According to an EU regulation, butter must consist of at least 80 percent milk fat. A water content of 16 percent must not be exceeded for the dairy product to be sold as butter. Other ingredients of butter are the milk components lactose, minerals, cholesterol, phospholipids[3][4], proteins, fat-soluble vitamins, lactic acid and flavorings.
Butter is characterized by a comparatively high content of glycerides of oleic acid and short-chain saturated fatty acids. The calorific value is around 3100 kJ (equivalent to 740 kcal) per 100 g.