Milk quota steadies in final week

Monday, 23 March, 1998

By FWi Staff

WITH only eight days left to the end of the milk year, it appears that everything is under control – at least as far as buying quota is concerned.

All quota prices are similar to last week.

Clean quota at 4% butterfat continues to trade at about 54ppl and agents say demand is “steady”.

Used quota is in greater supply but continues to trade at 36ppl. And forward leased quota for the 1998/99 season is also unchanged on the week at 7ppl.

Demand for cohort quota remains high. But supplies are tight and the price is 17ppl.