Matt Carthy (Cavan-Monaghan, Sinn Fein) | Oireachtas source

I concur with the Cathaoirleach in respect of the reputation Ornua, in particular the Kerrygold brand, has internationally. It is something we should be very proud of. When I was in Brussels I was at a European event showcasing some of the major European brands that have an international impact and one of the gifts we received was Kerrygold. I joked at the time I was probably the first Irish person to try to smuggle it back into Ireland. That reputation is based on the associated reputation we have as a food producer and the relationship Ornua has with co-ops and the co-operative model and, in turn, with the farmers who supply these co-ops and the communities those farmers are part of. That is something to be nurtured.

Could Mr. Jordan explain where the fixed price contracts fit in at his end? I am assuming Ornua is purchasing in on that fixed price and that it is selling out on that fixed price. Could Mr. Jordan explain that process briefly?