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Eurex reaches new milestone in agricultural derivatives

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Eurex futures contracts on European processing potatoes (FEPP) traded in the order book have passed the 100,000 mark for the first time since their launch.

“The Eurex future on European processing potatoes is a very important price hedging instrument for the entire central European potato industry – from farmers to the processing industry. We are very satisfied with the liquidity the market has achieved in the past few months, and aim to continue contributing to this success,” says Rene van Diepen, Director of the Dutch Organisation of Potato Merchants (Nederlandse Aaardapple Organisatie – NAO).

Peter Reitz (pictured), member of the Eurex Executive Board, says: “We are delighted to have achieved the 100,000-contracts mark in less than two years after we started trading in July 2009. We would like to thank all market participants for their support and confidence in this contract. Not only the volume but also an increasing number of trading participants in the derivatives market for potatoes confirms our decision to launch agricultural derivatives."

The Eurex offering currently comprises six agricultural futures on butter, European processing potatoes and potatoes for the British market (London potatoes), hogs, piglets and skimmed milk powder. All futures are based on recognised reference prices from the relevant cash markets and are settled in cash. Further expansion of the product segment is planned in close cooperation with the agricultural industry.

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