Charlie McConalogue (Donegal, Fianna Fail)
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446. To ask the Minister for Agriculture, Food and the Marine his views on the planned establishment of two market observatories for sugar and crops, cereals, oilseeds and protein crops at EU level. [14909/17]

Michael Creed (Cork North West, Fine Gael)
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I welcome the recent confirmation by Commissioner Hogan of his intention to establish two market observatories for the sugar markets and the crops, cereals, oilseeds and protein crops market. These two new market observatories will provide expertise and advice to the European Commission to utilise existing market management tools for the crop sector in a timely and effective manner. The Commissioner indicated also that the aim of these EU market observatories will be to bring more transparency to their respective sectors through the sharing of market data and short term analysis.

The new observatories are expected to begin their work before this summer and it is hoped they will bring together economic experts from both sectors along with officials from the Commission’s Agriculture and Rural Development Department.