Inside Milk
Price of phosphate rights again above 230 euros
The price of phosphate rights continues to rise. Although the rate of increase is not extremely high, the DCA quotation for phosphate rights is close to its all-time high.
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The price of phosphate rights is rising for the fourth week in a row. For this week, the DCA quotation for phosphate rights is €230,50 (+€4) per right. According to commission agents, demand is greater than supply and that is the simple explanation for the price increase. Selling parties are reluctant to provide supply and wait for further price increases.
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The quotation is not far away from this year's highest level.
Slightly increasing trend
It is also expected that the slightly upward trend will continue, partly because the prospects for the dairy market be positive. It is estimated that the roughage supplies are often not in danger, provided the grass harvest is good this autumn. In large parts of the Netherlands, including Friesland, a lot of precipitation has fallen in recent weeks and that offers relief.
There are still calls from the field for a 10% reduction leasing rights to be dropped. However, it is not clear whether the Ministry of Agriculture, Nature and Food Quality will respond to this request.
| DCA listing phosphate rights | Price range (week 33) | Number of problems | Average |
| €230,50 (+€4,00) | € 229 - € 232 | 7 | €230,50 |
| Explanation DCA Markets: The DCA quotation for phosphate rights has risen for the fourth week in a row. Rights are traded left and right, but on balance it is a relatively thin market. A lack of supply limits trade. |
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