Mr. Colin Kelly:

In terms of the offering we made of 10 cent a litre and the points that were made earlier, we felt that something should be done for those people who were in financial and personal stress.

On the PPI and the increase received over the years, the fixed price is an element of that. It is the 7%, as we touched on. The increase in the prices that we have seen on the PPI is as a result of the general increase in the market. When we look at pricing over the past three years, the milk price was just over 30 cent a litre in 2020, just under 36 cent a litre in 2021 and it will most probably average somewhere in the low to mid-50 cent a litre this year. The increase in the PPI is the function of the market. The increase in the Ornua value payment is ultimately the value that we are returning to members, but the 10 cent per litre offering that we touched on was our offer to the industry in recognition that there are people with personal financial threats.