12 May 1995

Milk quota prices firm up

AGENTS report firming milk quota prices, as demand, fuelled by buyers keen to fill their requirements early, outstrips supply.

"The volume available from herd dispersals has been less than predicted," says Tony Carver of Bruton Knowles National Quota Exchange. He saw clean quota trading last week at about 54p/litre; since then, 58p to 60p/litre has been achieved.

The leasing market has also risen slightly, to 12p to 13p/litre.

"Last week, sale and lease values rose by about 4p/litre and 1p/litre respectively," says Roger Lightfoot of Hobbs Parker.