Quota demand exceeded supply by 10 times
As a result, 99% of all quota offered for sale was taken up by buyers, with 23.7 million litres successfully traded.
Of this, 16.7m litres was sold on the exchange at prices from 10 cent to 56 cent per litre. The remaining 7m litres was sold through the priority pool at the maximum price of 5 cent.
Market clearing prices in the main co-ops involved were 34 cent in Arrabawn; 40c in Centenary; 9c in Connacht Gold; 50c in Dairygold; 46c in Glanbia; 30c in Kerry; and 15c in Lakelands.
The exchange featured a relatively large young farmers allocation of 822,709 litres in Glanbia, out of a national total of 1,756,592 litres.
Details of the next exchange will be announced early in January 2012.
