Mr. Cormac Healy:

There is an initiative at EU level at the moment in respect of the broader agrifood sector and increased price transparency. That is the level where things are happening. I know there have been calls for particular price indexes here for meat cut prices and similar topics. Reference was made to that issue by some previous contributors, as well as some submissions. It would be nonsensical to do that in Ireland alone because we would be just putting information into the marketplace. It is being worked on actively at an EU level and that is the best level for something like this to happen. It will apply in every member state but it is best that it is done at an EU rather than Irish level. I would place a question mark over what it will deliver that will be of benefit to the marketplace and whether it will benefit customers and competitors more than us.