A commodity futures exchange is vital to the success of a thriving economy, as it makes it easy to connect buyers and sellers. For example, a wheat farmer in Schleswig-Holstein can lock in a price for their crops months before they're even harvested. This process allows farmers to plan long term and helps ensure their survival - the exchanges always make sure there's a buyer for every seller (provided their prices meet).
Wheat is consistently among Germany's top five commodity exports with most recent figures showing that it has reached €1.75bn annually. The crop placed fourth on the list, topped by fossil fuel duo: refined petroleum and petroleum gas with €9.9bn and €5.1bn respectively. Sandwiched either side of wheat in third and fifth place are gold with exports of €4.7bn and silver with €1.09bn. Potatoes join wheat on the list of the country's largest agricultural commodity exports - Germany is the second largest exporter of potatoes globally, shipping out €317m worth of the vegetables every year.
As the third-largest export economy in the world, Germany exports more than €1.1tn - the economy's strength means demand for commodity trading specialists is increasing, with employment for all commodities, securities, and financial services traders and sales agents expected to grow by ten percent between 2014 and 2024.
Our Berlin based consultants are specialists in their markets, recruiting top talent for leading organisations in the commodities sector throughout Germany and Europe.