CME Group to Enter European Dairy Market with Transition of EEX Dairy Products
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CHICAGO and LEIPZIG, Germany, Sept. 8, 2026 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and the European Energy Exchange, the world's leading exchange for power and European energy, today announced an agreement for EEX to transition its European dairy business to CME Group, already home to the dairy risk management industry in the U.S. Under the terms of the agreement, EEX intends to phase out its dairy business and support the transition of its suite of indices underpinning existing futures contracts to CME Group before the end of 2027. The transaction, which includes the European butter and skimmed milk powder indices, will mark CME Group's entry into the European dairy market, with plans to launch its own European dairy indices, futures and options in the near future. "The European dairy market is one of largest in the world, and the addition of European dairy futures and options will allow CME Group to build on record activity in our U.S. dairy franchise and offer clients access to a truly global market in one venue," said Derek Sammann, Senior Managing Director & Global Head of Commodities Markets, CME Group. "As the global population grows, dairy is becoming an increasingly important protein source for diets around the world. With U.S. dairy volumes increasing 73% over the past five years, expanding into Europe is the natural next step in...
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