PARIS (Reuters) -Commodity broker StoneX has partnered with price reporting agency Expana to launch over-the-counter dairy contracts based on Expana’s European dairy price benchmarks, the companies said on Tuesday.
The initial contracts will cover fat-filled milk powder and high-protein whey, with plans to expand to other dairy products over time.
They are due to be launched in the first quarter of next year, an Expana spokesperson said.
The partnership aims to meet growing demand for new tools to manage risk and volatility in the dairy market, the companies said.
Financial operator Euronext last month said it would launch cash-settled European dairy contracts based on European butter and skimmed milk power next year.
(Reporting by Sybille de La Hamaide. Editing by Kirsten Donovan)
