StoneX partners Expana to launch fat filled milk powder

USA – StoneX Financial Europe GmbH, in collaboration with Expana, a global agri-food intelligence platform, has launched Fat Filled Milk Powder (FFMP), marking the introduction of a new suite of over-the-counter dairy derivatives.

This initiative addresses the volatility in dairy commodity pricing, which has historically left industry participants without effective hedging mechanisms.

The FFMP contract is now available for trading, with plans for further products to enhance risk management for clients.

Liam Fenton, Global Head of Dairy & Food Group at StoneX, emphasized the importance of this offering in providing clients insights into their risk profiles in a volatile market, while Expana’s Marcel Goldenberg highlighted the trust and arbitrage opportunities this product will create within the market.

The global dairy industry operates on volatile, interconnected commodity pricing which can shift sharply without warning. For many dairy products, participants have had no direct way to hedge their exposure. Historically, risk was absorbed, managed around, or passed down the chain.

The StoneX–Expana partnership expands the range of tools available to clients for managing dairy price volatility. The first contract is now tradeable, with coverage set to expand across additional dairy products over time.

StoneX customers can access the contracts within their existing trading workflow and can also use StoneX Plus to view and analyse historical FFMP prices and other selected Expana Dairy Benchmarks.

About StoneX

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organisations, traders, and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise.

The company strives to be the one trusted partner to its clients, providing its network, products, and services to allow them to pursue trading opportunities, manage their market risks, make investments, and improve their business performance.

About Expana

Expana is the world’s leading agrifood-focused Price Reporting Agency and global information provider. In markets defined by volatility, opacity and risk, Expana equips organizations with exceptional data to drive better decisions.

By uniting frequently updated pricing data, forecasts, cost modeling and expert analysis, Expana transforms market data into boardroom-ready intelligence. The result: optimal choices contributing to reduced risk, savings in COGS, stronger supply resilience, confident growth.

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