Farmers in south pay 20c/l for milk quota
A top price of 29c/l was paid in Callan Co-op for milk quota in the latest round of the Department of Agriculture milk quota exchange.
Demand for milk quota from Glanbia and Dairygold suppliers continues unabated, with a price of 20c/l recorded by both processors.
Industry sources said the exchange prices reflected an underlying confidence in the dairy business, despite last year's hike in costs and poor milk price.
The prices also confirm that many farmers aim to significantly expand milk production again this year, with those without sufficient quota to match expected output keen to limit their exposure to a possible superlevy fine.
This was seen in Glanbia where the number of potential quota buyers exceeded quota sellers by six to one.
This resulted in a 2c/l increase in the quota price compared to the December 2012 exchange.
In Dairygold, there were five quota buyers for every one quota seller but the price was unchanged from last December.
Milk quota for sale through Centenary also sold for 20c/l, with the number of buyers exceeding sellers by three to one.