HC Deb 29 November 1948 vol 458 cc1621-2
36. Mr. De la Bère

asked the Minister of Food what reasons led to his recent decision that the price of cocoa beans should be dropped by £35 per ton; and how he has dealt with the profits obtained as a result of selling to the chocolate manufacturers at the previous price.

Mr. Strachey

As I told the hon. Member on 8th November, our selling price is reviewed from time to time to bring it into line with our buying costs. In doing so I am bound to pay some regard to future market prospects and in the new price some account has also been taken of profits realised in recent months.

Mr. De la Bère

In view of the fact that the price paid by the Ministry to the primary producers was so very different from the price charged by the Minister to the chocolate manufacturers, can the right hon. Gentleman tell us where the difference has gone over a wide period of months, as that is exercising the minds of many people today?

Mr. Strachey

If the Ministry realise any profit on these transactions, the money will, of course, go to the relief of food subsidies.

Mr. A. Edward Davies

Is there not some arrangement in the buying and selling of cocoa which gives the producers some benefit by way of a sinking fund for research and compensation?

Mr. Strachey

Certainly. The West African producers have a very reasonable arrangement.

Mr. De la Bère

In view of the fact that this is entirely arbitrary, I shall have to raise the matter again.