EEX spreads portfolio into cheese

The European Energy Exchange (EEX) in Leipzig, Germany has expanded its portfolio into the cheese sector. Cheddar curd, mild cheddar, young Gouda and mozzarella are now being traded in swaps (exchange of goods for liabilities).

Interested market participants such as dairies, trading companies or cheese processors can now report physical prices to EEX. An index value is generated from the weekly reports.

The contracts are settled against the respective monthly EEX Cheese Index, with the contracts each comprising five tons. EEX is a part owner of the Global Dairy Trade platform, along with New Zealand’s Exchange.

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