§ 41. Mr. G. Williams
asked the Minister of Food what price per bushel has recently been paid for Australian wheat; and what is the world price.
§ Dr. Summerskill
I understand that 21S. 6d. per bushel, f.o.b. Australian ports, has recently been paid by purchasers other than the United Kingdom282W for Australian wheat. This equals about 17s. 2d. sterling per bushel. In the U.S.A. which is the only large exporting country where there is an open market, the price was $3.20 per bushel f.o.b. which is equivalent to about 20s. Australian currency or 16s. sterling. The current price of Canadian wheat (outside quantities bought under the United Kingdom—Canada contract) is equal to about 14s. 3d. sterling per bushel f.o.b., and Argentine wheat is being offered at the equivalent of 24s. sterling per bushel f.o.b.