Farmers paid up to 26c/l for milk quota
Farmers anxious to secure additional milk quota for the last year of the regime paid up to 26c/l for the privilege, the Department of Agriculture has confirmed.
Almost 30m litres of milk quota were traded in the penultimate Milk Quota Trading Scheme (MQTS) and some 20m litres of this sold for between 3c/l to 26c/l.
The remaining 9m litres were sold through the priority pool at the maximum price of 3c/l.
Farmers in Callan Co-op, a farmer-owned co-op whose milk is processed by Glanbia, paid the highest price of 26c/l for 50,200 litres of quota.
Centenary supplies paid 17c/l for 214,000l of quota. Dairygold and Glanbia suppliers bought almost 7m litres of quota at 15c/l, while Bandon suppliers paid 13c/l for quota.
Kerry suppliers paid 10c/l, Aurivo suppliers paid 4c/l and Lakeland suppliers paid 3c/l for additional quota for the 2014/2015 quota year.
The Minister for Agriculture, Simon Coveney, said the continuing demand for quota was further evidence of the confidence in the expansion in the dairy sector in the run up to quota abolition in 2015.
Meanwhile, the latest national quota figures show Ireland is 1.38pc over quota, compared to 0.9pc over quota at the end of October and 3.36pc under quota the same time last year.