Milk quota steady on level trade

By FWi staff

MILK quota prices appear to have reached a level, with both leased and sold quota values steady.

Trade in leased quota at 4% butterfat eased slightly on the week to 6.5ppl. Sold quota is available at about 34% butterfat.

Agents report reasonable quantities of quota coming forward, although some lessees are expected to wait until later in the year before releasing supplies in the hope of gaining better prices.