Milk Quota Trading Scheme result

The twelfth Milk Quota Trading Scheme offered 29.3 million litres for sale, with 25.3m litres successfully traded. Of this, 16.6m litres was sold on the exchange at prices ranging from 8 to 50 cent per litre.

The remaining 8.7m litres was sold through the priority pool at the maximum price of 5 cent per litre.

It was the second of two schemes that will allocate quota in respect of the 2012/2013 milk quota year.