A total of 6,151 contracts were traded in agricultural products at the European Energy Exchange (EEX) in February, more than double the 2,911 contracts traded in February 2016.
On the derivatives market for processing potatoes, the volume increased by 149 per cent to 4,395 contracts (equal to 109,875 tonnes) while the derivatives market for dairy products increased by 53 per cent to 1,759 contracts (equal to 8,870 tonnes).
The EEX reached a volume of 200.8 TWh on its power derivatives markets in February 2017 (February 2016: 300.3 TWh).
In a shrinking overall market, EEX reached a volume of 22.1 TWh in Italy (previous year: 44.0 TWh) and 12.3 TWh in France (previous year: 32.6 TWh). Furthermore, 151.0 TWh were traded in the German market (previous year: 205.0 TWh).
The February volumes comprised 101.0 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).
On the EEX Market for emission allowances, a total volume of 91.7 million tonnes of CO2 was traded in February which represents a year-on-year increase of 6 per cent (February 2016: 86.4 million tonnes of CO2). In particular, this development was driven by the EUA Derivatives Market which increased by 14 per cent to 20.7 million tonnes of CO2 (February 2016: 18.2 million tonnes of CO2). The primary market auctions contributed 69.0 million tonnes of CO2 to the total volume.
At 3,140 contracts, EEX recorded the second-highest volume in freight futures which are available for clearing via ECC.
In February, EEX admitted Api Nòva Energia Srl, Rome, as well as STX Services BV, Amsterdam, as new trading participants. PVM Oil Futures Ltd, London, was recognised as new non-trading broker.
