Michael Creed (Cork North West, Fine Gael) | Oireachtas source

On the terms and conditions and supply reduction, I point the Deputy to my original reply. Our submission is on the Department’s website. It contains no proposals for supply reduction. That is a term and condition attached by the Commission. We became aware of it once it was published by the Commission. In previous interventions under the Common Market organisation, CMO, regulation, supply reduction was an instrument used by the Commission to address difficulties in the marketplace. I presume it is connected to the economic laws of supply and demand. Kill levels in the beef industry are high and there has always been a market issue once the level moves above 32,000 or 33,000.

One of the other issues with which we are dealing is Brexit. A hard-deal Brexit will have a different anfd significant impact. However, we are also dealing with the competitive challenges arising from the currency difficulties.

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