Willie Penrose (Westmeath, Labour)
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Question 97: To ask the Minister for Agriculture and Food the date on which the first milk quota exchange took place; if it was after mid-January 2007, the reason for that delay; if it has not happened, when will it happen; and if it has not happened, the reason it has not yet happened. [3754/07]

Mary Coughlan (Donegal South West, Fianna Fail)
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The first Milk Quota Trading Scheme was successfully launched on Wednesday last, 31 January. The first exchange resulted in a total of 73 million litres of quota being traded at prices ranging from 11 cent to 23 cent per litre.

A second exchange will take place later in the spring. My Department is currently reviewing the operation of the first exchange in consultation with the main farming organisations and ICOS, and the closing date for applications for the second exchange will be announced at the end of that review.