Euronext Lance son Premier Contrat à Terme sur les Engrais Azotés


Paris – 10 May 2016 – Euronext today announced the launch in autumn 2016 of the first physically-deliverable futures contract for nitrogen solution. Aimed at the European market, this innovative new contract will complement the Group’s commodity futures offering. It will enable Euronext to offer users a comprehensive suite of tools to manage price risk and cover their overall positions more efficiently, for both agricultural inputs and for grains and oilseeds such as wheat, rapeseed and corn.

Combining both urea and ammonium nitrate, UAN-30[1] solution is a common element of the family of nitrogen-based fertilisers used throughout the agricultural industry. Euronext will offer a physically delivered future traded in euros and backed by partners across the entire fertiliser supply chain, from producers and traders through storage terminal operators to cooperatives. The delivery point will be in Rouen (France), a  major trading area for fertiliser imports as well as for crop exports such as wheat. The initial expiry calendar has been set for March, June, September and November over a 2-year horizon,  reflecting the seasonal pattern of sowing, manuring and  harvesting  for different types of crop. Clearing will be handled by LCH SA, subject to regulatory approvals.

François Terrassin, CEO of Rubis Terminal, one of Europe’s leading independent storage specialists for fertiliser and agro, oil and chemical products, and Euronext’s partner for the new contract, said: “Rubis Terminal is delighted to team up with Euronext to launch this new contract. Our Rouen site is a major fertiliser supply and distribution platform for the agricultural sector and is ideally suited for the future success of this contract. We believe this initiative will make it easier for market players to access our offering and will confirm our position in Europe and worldwide.”

Olivier Raevel, Head of Commodities at Euronext, said: “Our nitrogen solution futures contract is intended for the whole fertiliser industry and its end-users, particularly cooperatives, who are key users of Euronext’s commodity contracts. Designed to meet the needs of an industry that is already familiar with instruments for hedging price risk in commodities, it will diversify our product offering. We are confident that this new contract will be a success and are keen to continue offering innovative solutions to our clients in this sector.”

[1]EU REGULATION (EC) No 2003/2003 dated 13 October 2003 and  EU REGULATION (EC) No 1907/2006 (REACH) Appendix II.


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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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