Mr. Cormac Healy:

There are two dimensions to this issue. The cost of feed is a major aspect and has placed pressure on production levels. We would need to look into a crystal ball to know how feed price will evolve. We hope that, through developments in this year's harvest and so on, we will see a stabilisation in feed prices and some of the volatility and uncertainty dissipating. Due to the disruption and volatility caused by the war, feed prices are probably at a premium. We hope to see prices standardising. Nevertheless, Teagasc's figures suggest that, due to the cost of feed, the break-even price needs to move towards €1.90 to €2. We still have a way to go in terms of the market price. We hope to see an easing of feed prices. The market price would have to respond.