§ 68. T. Reidasked the Minister of Food how the present price of U.S. wheat compares with the average price in 1946.
§ Mr. StracheyThe present price of No. 2 Hard Winter U.S.A wheat is about £27 16s. per ton f.o.b. A weighted average price for 1946 is not available, but prices ranged from £18 10s. to £24 per ton f.o.b.
§ Mr. StracheyOne must not offer dogmatic opinions on economic causes in the United States, but I should think it was a most important factor.
Mr. BaldwinIn view of the prices just disclosed by the Minister, will he say what price has been paid to the English farmer for his wheat?
§ Mr. StracheyNot without notice.