Future EEX Butter (Frankfurt, DE) Spot market data| ZMP

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Price quotation Price quotation in EUR per ton

Kontraktgröße / Contract Unit

5 metric tons

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14.

03.24

Milch News, 03/14/2024 Market Assessment

Impulses for Easter business expected
Raw material deliveries are stagnating
Export business is increasing

international competitiveness is increasingly not present
Buyers are taking a wait-and-see approach
Processing primarily of contract goods

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20.

12.23

11:35

USDA Global Dairy Market Preview 2024 Market Report Compact

USDA: low growth in global milk production in 2024 In its half-yearly December issue, the US Department of Agriculture published its new assessment of global milk production development in 2024 . The overall result represents a comparatively small increase of +0.4% compared to the previous year. However, the results vary in the individual…

20.

12.23

09:36

Dec. 2 GDT auction with +2.3% Market Report Compact

GDT auction in December 2023: +2.3% The second December 2023 auction of Global Dairy Trade (GDT) saw a further price increase with an average of +2.3%. Regular butter with above-average markups makes a significant contribution to this. At 27,379 t, the auction volume continues to decline noticeably due to the season. Whole milk powder (VMP) (around…

06.

12.23

09:29

GDT auction back in positive territory Market Report Compact

GDT auction in December 2023: +1.6%% The first December 2023 auction of Global Dairy Trade (GDT) set a positive tone with an average of +1.6%. There were price increases for the majority of delivery dates, but particularly in the milk powder sector. China demand was once again the deciding factor. The auction volume fell noticeably at 29,559 t…

22.

11.23

10:11

Nov 2-23 GDT Auction Market Report Compact

GDT auction in November 2023: 0.0% The second November 2023 auction of Global Dairy Trade (GDT) has temporarily interrupted a further price decline from the previous auction with an average of -0.0%. The decisive factor was the price increases for whole milk powder with its high auction share. China demand was the decisive factor. At 34,111 t, the…

08.

11.23

13:35

GDT auction: previous price increase stopped at -0.7%. Market Report Compact

GDT auction in November 2023: -0.7% The first November 2023 auction of Global Dairy Trade (GDT) has temporarily interrupted the price rise of the previous auctions with an average of -0.7%. The decisive factor was the price cuts for whole milk powder due to the more than 50% auction share. The declining demand from China was the decisive factor. At…

18.

10.23

09:07

Oct 2-23 GDT auction with repeated +4.3% Market Report Compact

GDT auction in Oct. 2023: +4.3% The second October 2023 auction of Global Dairy Trade (GDT) continued the price rise of the previous auctions with an average of +4.3%. The big winner was butterfat with +7.1%. But the two milk powders have also increased significantly again. Rising Chinese demand is the deciding factor. At 35,794 t, the auction…

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18.

03.24

13:32

Milk only from grass - what are the consequences? Press Review

A study commissioned by Greenpeace on grass-based milk production shows how the production and consumption of milk and meat would change.

17.

03.24

05:11

China: Domestic milk production increased sharply in 2023 Press Review

The world's largest milk importer has been producing more and more milk for several years. In 2023, production numbers will have increased significantly. ZMB reports.

17.

03.24

05:00

Poor economic situation: Brodowin eco-village interrupts milk production #organic milk price #beef Press Review

Economic difficulties on the organic farm in Brodowin: Dairy farming is interrupted and goat farming is stopped.

13.

03.24

09:50

As a milk producer, do you support Article 148? Press Review

The Ministry of Agriculture wants to require binding milk delivery contracts - because the industry demands it, they say. But some associations are against it. What do the farmers say?

13.

03.24

06:55

Milk prices in February mostly stable to rising Press Review

There has been little movement in the top agrar milk price barometer so far in February: some dairies maintained their payout prices, a few increased slightly. There were only discounts in the south.

13.

03.24

04:50

Fonterra releases dairy footprint calculator Press Review

The New Zealand dairy Fonterra provides an online tool that can be used to calculate the carbon footprint of individual dairy products.

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Specification

Denominierung / Currency

Euro (€)

Minimale Preisveränderung / Minimum Price Fluctuation

Minimum price change is 1 EUR per ton.

Fälligkeiten / Maturities

A maximum of the following maturities can be traded on the EEX: The maturities of the current and the next 18 consecutive calendar months.

Handelszeiten / Trading Hours

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

Letzter Handelstag / Last trading day

The last Wednesday of the maturity month (if no trading day, the last trading day is the previous trading day) In the maturity month of December, the third Wednesday of the month (if no trading day, the last trading day is the previous trading day).

Erfüllung / Settlement

Cash settlement, difference between the final settlement price and the settlement price of the previous trading day

Schlussabrechnungspreis / Final Settlement Price

Status of the relevant EEX Monthly European Butter Index on the last trading day 19:00 CET

Stand / Last updated 05/25/2023

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.

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