Ms Caroline Bocquel:

We absolutely do. The Senator is right. We are very reliant on three species, namely, mackerel, nephrops and salmon. If there is any change in price or quota, that is very challenging for the sector, for sure. As Mr. Donnelly said, what we are trying to do is make sure we are adding value to all the species. Traditionally, the pelagic species landed in Killybegs would have been treated as a commodity. They would have been landed, frozen and shipped. In order to maintain those margins and to access those higher margins we must add value to that. As Mr. Donnelly said, there are extremely high-value markets in Japan which Bord Bia has opened for us. Through one supplier we are now supplying those markets. There is an enormous opportunity for the sector to add more value and to adapt the business model by accessing those higher value markets. It will provide a level of price insulation from just the commodity market. Additionally, looking at how we treat what we would have known as waste; the co-product, which is extremely valuable and all of the processors in Killybegs are engaged in that project at the moment and are very interested in adopting it.