HC Deb 22 March 1948 vol 448 c300W
106. Mr. G. Williams

asked the Secretary of State for the Colonies what is the reason for the recent increase of £5 a cwt. in the price of cocoa beans; and who benefits by the additional profit.

Mr. Creech Jones

The price of cocoa has risen because production is below the prewar level while demand is as high or higher. The resultant profit to the West African industry goes in part direct to the farmers in the form of the increased price which they are receiving and in part to the reserves held by the West African Cocoa Boards for the benefit of the industry as a whole.

Forward to