NEWS
Durum Market Opens Next Week
Tue Jan 15, 2013 05:31 PM CST

MILAN, Italy (Dow Jones) -- The Italian Stock Exchange Tuesday unveiled Europe's first durum wheat futures market, aimed at providing pasta makers with a way to stabilize their raw-material purchases and give farmers an incentive to increase grain output.

The new AGREX futures market will be based in Milan and will start trading next Monday, Borsa Italiana said.

So far, big European pasta producers, such as Italy's Barilla, have either negotiated directly with farmers or shopped in physical markets to buy durum wheat, the main ingredient to make pasta.

By setting up the futures market, the exchange aims to help ...

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