Euronext’s plans were revealed by Romanian grain market expert and founder of AGRIColumn, Cezar Gheorghe, citing an internal letter from the exchange. According to him, the new instruments are due to be officially launched on 5 November at the European Commodities Exchange in Rotterdam.
The new contracts could create a separate exchange price benchmark for grain delivered to Constanța. The current Euronext wheat contract provides for delivery to specific grain silos in France.
For the markets of Romania’s neighbouring countries, “this could mean the emergence of a new price benchmark that is more relevant to the region, as well as a tool for hedging price risks,” says Pavel Khaustov, head of the analytical department at Barva Invest, as reported by Latifundist.com.
This story was translated with the assistance of artificial intelligence.
Follow our updates
Have information for the newsroom? Share it with Logos-Press
Comments
0No comments yet. You can start the conversation.
Comments are open to readers with a Logos Press account.
Sign in to comment