By FWi staff
CLEAN milk quota prices have hardened over the week.
The large quantities expected to come on to the market have failed to materialise, according to Mark Dyson of Townsend Chartered Surveyors.
He believes that, while supplies are still relatively short, prices will stay firm.
But although the week started with values up slightly, prices have eased back again with 4% butterfat at 35ppl and 3.75% at 32.75pl.
Trade has remained steady following Decembers production figures, although quota agents are reluctant to predict what will happen to prices in the near future.
Used quota sales have been slow and values have eased as more enters the market.
A number of over-profile producers are putting used quota on the market to finance the purchase of clean quota.
Used quota prices eased over the week with 4% butterfat at 23.5ppl and 3.74% at 22.50ppl.
Forward leasing remains similar to last week, with prices falling and quota lots coming forward below 5ppl, said a spokesman from ADAS Quota Direct.