More quota on market as demand stays poor

By FWi staff

THIS week has seen a slight increase in the volume of clean quota on to the market, as demand remains poor.

“The market will continue to remain stable until production figures are released on 8 July,” said Mark Perry of ADAS Quota Direct.

“If these are down, it will release pressure on the market and we should start to see some movement.”

Leased quota will now start to stabilise in the short term adds Mr. Perry.

“This may again change when production figures are released.”

Leased 4% butterfat quota is trading at 3.5ppl with 3.84%at 3.0ppl.

Clean quota sales are trading at 16.5ppl for 4% butterfat and 3.88% supplies at 16.0ppl.