Top price of 18c/l in milk exchange
Published 23/03/2010 | 05:00
Almost 22 million litres of milk quota was traded at market clearing prices of between 4c/l and 18c/l in the most recent quota exchange.
The expectations of milk quota buyers and sellers were closely matched, with the overall volume traded up nearly 30pc in the second exchange for the 2010/11 quota year.
Department of Agriculture figures reveal that just over 44 million litres of milk quota was offered for sale and close to 66 million litres sought by buyers.
From those totals, 28 million litres was successfully traded.
Some 22 million litres was sold at market clearing prices ranging from 4-18c/l.
The remaining six million litres was sold through the priority pool at the maximum price of 6c/l, with the exception of Kerry, where the priority pool price followed the market clearing price to 5c/l, and Lakelands and Connacht Gold, where the price fell to 4c/l.
The highest price paid for milk quota was in Bandon, where buyers paid 18c/l for 505,134l of quota.