The Minister referred to the cut in intervention butter. The purchase of butter for intervention will be suspended, according to the Minister, above a limit of 70,000 tonnes in 2004, falling to 30,000 in 2007. The Minister said that is a major achievement on his part, and so it is. However, the current amount of butter in intervention is 150,000 tonnes and this is where the real cut lies, a fact which the Minister has neglected to mention. This large reduction will devalue milk quotas.