86% of milk quota on offer was taken up in 12th trading scheme

A total of 86% of all milk quota offered for sale in the 12th trading scheme was taken up.

The second of two schemes for the 2012/2013 quota year, 29.3m litres of milk quota was offered, with 25.3m litres traded.

Of this, 16.6m litres was sold on the exchange at prices from 8c-50c per litre. The remaining 8.7m litres was sold via the priority pool at a max price of 5c per litre.