EEX Skimmed Milk Powder (Frankfurt, DE)
FASM- 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
Further specifications
TODO TEST EN TRANSLATION
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 the futures contracts.
Skimmed milk powder is a dry milk product made from skimmed milk by drying (residual water content approx. 4%). Skimmed milk powder contains around 36% protein and 52% lactose.