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Milk Quota Trading Scheme attracts 5,500 applicants

The Minister for Agriculture and Food, Mary Coughlan TD, today confirmed that applications for the Milk Quota Trading Scheme have been received from more than 5,500 dairy farmers. Buyers account for almost 4,700 applications, while more than 850 sellers offered almost 125 million litres of quota for sale through the scheme.

Recalling that the new scheme consists of a priority pool and a market exchange, the Minister continued: "My Department has begun the task of processing these applications, and will be assisted in the verification process by the co-ops. When all data has been checked and recorded, we will proceed to the allocation of quota to priority applicants and to the running of the market exchange. I will announce the actual date on which this will take place closer to the time."

Concluding, the Minister re-iterated that she hoped to finalise the first trading scheme as early as possible in January. She reminded all dairy farmers that they will have a further opportunity to participate in a second scheme in Spring 2007, the date for which she hoped to announce early in the new year.

30 November 2006

Date Released: 30 November 2006