Tom Hayes (Tipperary South, Fine Gael)
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Question 66: To ask the Minister for Agriculture and Food when she will commence a review of the new quota exchange system; and if she will make a statement on the matter. [8805/07]

Mary Coughlan (Donegal South West, Fianna Fail)
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The first Milk Quota Trading Scheme ran successfully in January and resulted in 120 million litres of quota being offered for sale, with 73 million litres traded. My Department conducted a review of the first stage in early February, which included consultations with the main farming organisations and ICOS. Following this, the second stage of the 2007/08 scheme was announced with a closing date for applications of the 9th March, and the 2nd exchange will be run in April.

A comprehensive review of the Trading Scheme will take place after the second stage of the 2007/08 scheme has been completed.