Sinn Féin has published a bill that the party says would provide more transparency to farmers on the price of beef.

It proposes establishing a beef market observatory in the Department of Agriculture which would report on cattle prices on a daily basis.

Deputy Brian Stanley said farmers are producing at a price that is simply not sustainable and their input costs are greater than the price they are getting for their product.

He said the Beef Price Transparency Bill, if enacted into law, would resolve the issue on a permanent basis.

Deputy Stanley said: "It puts a mandatory obligation on the processors and on the factories to have transparency in pricing, there would be a central system on pricing and it would be on a daily basis.

"This would mean there is a record there that farmers can tap into and see exactly what price is being paid by what factories and what processors and it would be categorised by grade."

Deputy Stanley called on the Government and other parties to support the bill and make sure it goes through as fast as possible.

It comes as the owners of up to a dozen meat plants were granted temporary High Court injunctions restraining groups of protesters from blockading their factories and intimidating staff and suppliers.