UNSALTED LACTIC BUTTER FUTURES

Euronext Unsalted Lactic Butter Futures

Unsalted Lactic Butter Futures
Quotité de négociation

6 tonnes, net weight

Delivery period

Any business day from the first business day of the delivery month through to the last business day of the delivery month.

Delivery months

Consecutive calendar months such that 18 calendar months are quoted at any time

Echelon minimum de cotation (tick et valeur)

1 Euro per tonne (6€)

Date échéance

The last business day prior to the tender day

Trading Hours

09:00 to 18:00 (UTC+1)

Système (Plate-forme) de négociation

Universal Trading Platform

Full contract specification and related documents
Algorithme

Central order book applies a price-time trading algorithm, with priority given to the first order at the best price

Négociation hors carnet

Against Actuals, Exchange for Swaps

Chambre de compensation

LCH S.A.

Notice day/Tender day

The sixth business day preceding the first business day of the delivery period

Origins tenderable

Any origin, all duties paid

Price basis

Euros per metric tonne. Delivered free to Buyer's transport in accordance with Incoterm FCA from a EC Approved cold store or production facility (duty paid) within a 150 km radius of Antwerp, Hamburg or Rotterdam, restricted to continental delivery.

Quality

Non-reconstituted unsalted lactic butter produced exclusively from pasteurised cream or milk, compliant with EU legislation.

Physical and Chemical Analysis:
Butterfat 82.0% minimum, by weight
Butterfat 90.0% maximum, by weight
Dry non-fat milk-material 2.0% maximum
Moisture 16.0% maximum
Peroxide, 0.30 mEqu/kg maximum
Free fatty acids 0.35% maximum
pH 4.5 – 5.5

Microbiological Analysis:
Standard Plate Count 5.000/g, maximum
Coliforms 10/g maximum
E Coli Negative in 1g
Salmonella Negative in 25g
Yeast & Mould 100/g maximum
Inhibitors Negative

Euronext Market
Amsterdam
Storage
Product should be stored frozen at a minimum temperature of -18 degrees, protected from moisture and foreign odours.
Packaging
25kg net weight corrugated cartons with polyethylene liner, each package marked to enable trace back.
Age profile
Goods must be tendered no later than 6 months after the date of production.

Delivery Limits: Delivery limits are set by LCH S.A. and are published 80 days before the last trading day and are applicable for 12 days before the last trading day of the delivery month. Please refer to the LCH S.A. notices on the website www.lch.com/risk_management/sa/risk_notices