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The TSE (Scotland) Regulations 2002

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Paragraph 5

Annex 1 to Part III of Schedule 1CALCULATION OF INDICATIVE MARKET PRICE

The indicative market price for each month shall be calculated using data collected in Great Britain and relating to the month occurring two months before the date on which the market value was determined under paragraph 3 of this Part and in accordance with the following formula:

where–

  • A equals the number of cattle aged less than 7 years when valued which were slaughtered as BSE suspects;

  • B equals the average price for Friesian and Holstein cows in milk and in calf, first calving cows in milk and down calving heifers, in each case of first and second quality;

  • C equals the number of cattle aged 7 years or more when valued which were slaughtered as BSE suspects; and

  • D equals the average purchase price paid in the case of barrener cattle of dairy breeds slaughtered in accordance with Commission Regulation (EC) No. 716/96 adopting exceptional measures for the support of the beef market in the United Kingdom, as amended,

  • the final figure being rounded down to the nearest multiple of £1.

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