HC Deb 03 December 1931 vol 260 cc1277-8W

asked the Minister of Agriculture if he can form any estimate as to the increase in the price of bread that would be caused by the Government's wheat quota proposals?


Pending decision by the Government as to the maximum price to be secured by farmers for milling wheat in the quota plan, it is not possible to make estimates except upon a hypothetical basis. It is estimated that a quota of 15 per cent. and a premium of lbs. per quarter for British wheat in excess of the United Kingdom price of comparable imported wheat should not add more than one-eighth of a penny to the production cost of the 2 lb. loaf of bread. As world wheat prices rise or fall, the element of production cost due to the British wheat quota will diminish or increase.