Prices soar in heavy demand for leased quota
By FWi staff
LEASED quota values have soared over the week following the recent November production figures, and prices are now ahead of this time last year.
Quota traders all say how busy they are and large quantities are still being sought.
Prices increased by almost 1ppl in the week and large quantities were traded, said mark Dyson of Exeter based Townsend chartered Surveyors.
“Supplies are holding up well and as the price increases more quota becomes available.”
A spokesman from WebbPaton quota agents said that last week they had broken all records for milk quota leasing traded in one day.
Leasing values rose to 9.2ppl for 4% butterfat and 8ppl for 3.60%.
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Despite the increased interest in leasing the sales market has remained relatively quiet, with clean prices remaining stable.
Clean sales quota of 4% butterfat is trading at 34.5ppl with 3.90% at 33ppl.
The used market is similar to the sale, seeing little active trading. Values are 24.5ppl for 4% butterfat and 23.5ppl for 3.84%.