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EU to add milk futures market

European Union dairy producers will soon have a new fluid milk futures market.  European market news publisher Mondovisione confirms The Exchange Council of the European Energy Exchange (EEX) voted December 7^th in Vienna to proceed with a liquid milk futures market in early 2018.

The EEX already markets skimmed milk powder, butter, and whey powder but not cheese.

Milk futures have been a part of risk management in the United States since they were added to the Chicago Mercantile Exchange in 1996.