Wednesday 12 September 2012
Ireland
Milk quota trading scheme
Dairy farmers who want to sell or buy milk quota in the first round of the 2013/2014 milk quota trading scheme should apply to the Department of Agriculture before Friday, September 28.
Any quota purchased under the scheme will come into effect from April 1, 2013.
Application forms are available from co-ops and should be sent to Agriculture House, Kildare Street, Dublin 2.
As the end of the quota era approaches, further falls in the cost of purchasing quota are expected. Peak prices for milk quota prices fell by 6c/l in the last milk quota exchange.
The top price paid for quota fell by 6c/l from 56c/l to 50c/l, while the prices paid in all co-ops ranged from 8c/l up to 50c/l.
However, demand for quota remained strong, with a 5:1 ratio in demand over supply.
A total of 29.3m litres of milk quota went on sale in the last exchange, while farmers sought more than 90m litres.
Meanwhile, the latest CSO figures have confirmed domestic milk supplies fell by 8.6pc last July, compared to the same month in 2011.
Abysmal weather saw milk supplies fall from 669.8m litres in July 2011 to 612.1m litres in July 2012.
- Caitriona Murphy
Source: irishindependent
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