By FWi staff
THE milk quota market remains very quiet as downward pressure continues to influence leasing prices.
“With the extra quota around this year, prices are more likely to go down. Consequently, lessees are not interested in buying,” says Mark Perry of ADAS Quota Direct.
Purchase prices have eased further this week due to plentiful supplies and moderate demand.
“As cashflows continue to struggle, there isnt the money around to purchase quota,” adds Mr. Perry.
Leased 4% butterfat quota is trading at 3.97ppl, with 3.66% at 3.5ppl.
Clean quota sales are trading at 18.0ppl for 4% butterfat, and 3.8% supplies at 17.5ppl.