Quota Exchange

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MNP observed the quota exchange process on December 7, 2016 and issued a letter stating that all provincial quote exchange rules were followed.

NOTIFICATION OF SUCCESSFUL EXCHANGE

December 7, 2016

 The BCEMB conducted the exchange on December 7, 2016. The timeline for the exchange was as follows:

October 6 - November 8, 2016 - Accept offers for sale
November 2, 2016 - Notice of total quota offered for sale posted on the Quota Exchange page
November 2 – December 6, 2016 - Accept offers to buy
December 6, 2016 - all offers to buy, including the 10% deposit, must be received by the Board office no later than 4:00 pm
December 7, 2016 - run the exchange, post results on the website
December 28, 2016 - Quota transfers to occur

 The market clearing price for the quota exchange on December 7, 2016 will be $350.00 for each unit of Layer Quota. This represents a $5 per hen increase from the March 2 exchange as the offer to buy fill rate was less than 50%.

 19,964 laying hens (Lower Mainland quota units)

108,862 quota units were requested for purchase by 18 producers

 

2,421 laying hens (Interior quota units)

2,421 quota units were requested for purchase by 1 producer

 

4,996 laying hens (Vancouver Island quota units)

No offers were requested for purchase; per Schedule 8 rule 1. (8) this quota was placed and sold to Lower Mainland purchasers as it had the lowest offer to buy fill rate.

 

The quota units were distributed as per the procedures found in Schedule 8 of the Consolidated Orders.

NOTIFICATION OF SUCCESSFUL EXCHANGE - DECEMBER 7, 2016

 

Offer for Sale

Offer for Purchase

The BCEMB is to run the pilot exchange on a quarterly basis, with the exchanges occurring on March 2, June 1, September 7 and December 7, 2016. Offer to sell will be accepted up until 28 days before the date on which the requested Provincial Quota Exchange is to be held,

If you have any question or comments regarding the pilot quota exchange or the review process, please contact Katie Lowe, PAg, Executive Director.

NOTIFICATION OF SUCCESSFUL EXCHANGE - March 2, 2016  

Quota Exchange Review Process

 

February 2016 - Quota Management Tools Review

Quota Management Tools Review Decision Sheet

Quota Management Tools Survey Summary January 2016