Seanad debates

Wednesday, 2 July 2003

Common Agricultural Policy: Statements.

 

Compensation for this additional price cut amounts to 80%, or 5 cent per gallon, of the 6 cent per gallon intervention price cut. The whingeing IFA and ICMSA spokesmen want to complain so badly that they turn 1 cent into a mountain. Needless to say, in making this mountain they had to add the price reductions agreed four years ago in Agenda 2000 to the price reduction of 4% last week, 80% of which is compensated. Have we ever heard such whingeing about a 1 cent per gallon cut in the intervention price? Surely our creameries, co-ops and processing industries can make up a fall of 1 cent by moving closer to the market place? They should move fully into the marketplace.

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