EEX to launch weekly European cheese indices

European Energy Exchange AG

09/11/2021 09:11

LONDON, Nov 9 (Reuters) - The European Energy Exchange said
on Tuesday it is to publish weekly cheese indices as it seeks to
provide increased price transparency and hedging opportunities.
    The indices, which will cover four of the major European
cheeses: Cheddar Curd, Mild Cheddar, Young Gouda and Mozzarella,
will be published for the first time on Wednesday.
    They will be based on contributions from dairy
co-operatives, processors, traders and food manufacturers with
participation from eight different European countries.
    The indices can be licensed from EEX for use as the basis of
over-the-counter derivatives contracts and the exchange plans
eventually to list futures contracts based on the indices.  

 (Reporting by Nigel Hunt; Editing by Kirsten Donovan)
 ((nigel.hunt@thomsonreuters.com; +44 (0) 7990 561421; Reuters
Messaging: nigel.hunt.thomsonreuters.com@reuters.net))