The bourse says it has prepared the product with key players in the segment, including the German and European dairy industry associations, Milchindustrie Verband (MIV) and Eucolait, as well as important market participants in the European and US industries.

“We along with major market participants believe that the volatility of dairy markets will increase over the next few years,” said Peter Reitz, a member of the Eurex executive board, in a statement. “The use of derivatives to hedge against higher prices and fluctuating costs is expected to rise, thus the introduction of our new futures is a logical step. We also want to contribute our known strengths, particularly our global distribution network and central clearing services, to this growing market.”