Matif plans new oilseed derivatives

29 April 1999

Matif plans new oilseed derivatives

MATIF, the Paris futures exchange, plans a series of new oilseed derivatives following the success of its European rapeseed futures, reports the Financial Times.

The exchange intends to launch a rapeseed options contract by the end of May, followed later this year by futures for sunflower seeds, rapeseed meal and rapeseed oil.

The European rapeseed futures, launched five years ago, are attracting average daily volumes of between 500 and 600 contracts.

Their popularity has risen in spite of a bumper global oilseed crop, which has depressed prices.

• Financial Times 29/04/99 page 40