HC Deb 12 December 1972 vol 848 cc113-4W
Mr. Jay

asked the Minister of Agriculture, Fisheries and Food whether, in the case of the following foods, he will state the prices per 100 kilograms expressed in United States dollars at $2.35 to the £ for the latest available three months, as received by European Economic Community producers, as received by United Kingdom producers, and in world markets, namely, wheat, barley, sugar beet,

US dollars per 100kg(a)
1972 July August September
Wheat:
EEC Average market prices 11.57–12.12 11.50–12.02 10.86–12.11(c)
UK Average market price, ex. farm, (excluding deficiency payment) (b) 6.46 6.07 6.77
Australian (Fair average quality) c.i.f. London "Baltic" 6.55 6.87 8.67
Barley:
EEC Average market prices 9.59–10.52 9.93–10.76 10.10–10.99(c)
UK Average market price, ex. farm (excluding deficiency payment) (b) 6.24 6.29 6.24
Canadian Feed c.i.f. London "Baltic" 5.50 n.a. n.a.
Sugar beet:
EEC Minimum price for beet produced within basic quotas, 1972/73 season 1.73(d)
UK Guaranteed price delivered to factory, 1972/73 season l.85(d)
Eggs (per 100 eggs):
EEC Average quality, producer, off-farm 55–60g 2.42–3.59 2.65–3.63 2.76–4.02
UK Standard quality, sold through packing stations 53–62g 1.73 1.82 2.16
Pork (carcass weight):
EEC Average market prices 83.50–96.69 85.82–99.95 91.62–114.09
UK Average market price 72.27 72.01 77.45
Beef (carcass weight):
EEC Average market prices of all slaughter cattle 156.38–190.47 156.78–198.50 153.52–209.00
UK Average market price of all certified cattle 124.64 125.92 125.49
Veal:
EEC Average market prices of calves (live-weight) 122.34–139.70 137.57–157.48 148.13–173.85
UK n.a. n.a. n.a.

Notes:

(a) The ranges of average prices received in EEC countries have been obtained by converting prices expressed in national currencies into US dollars at the exchange rates obtaining in November; at that time the US dollar rate for sterling was about 2.35.

(b) Producer returns will include any deficiency payments made. Rates of deficiency payments for the 1972/73 cereal year are not known but will be the amount needed to bring average returns to all growers up to the guaranteed prices of £34.40 per ton for wheat and £31.20 per ton for barley, equivalent to $US 7.96 and $US 7.22 per 100kg. respectively at the exchange rate assumed.

(c) The ranges of average wheat and barley market prices in the EEC relate to the first half of September, as official monthly average quotations have not yet been published.

(d) These prices are on a different basis as EEC producers are entitled to the free return of pulp and do not have to bear costs of delivery to factories. Together these items are worth about £1.30 per ton, equivalent to US $0.30 per 100kg.

eggs, pork, carcass weight and beef and veal, carcass weight.

Mrs. Fenner

Direct comparisons of prices are difficult because of differences of quality and of definition, but ranges of prices taken from averages for each of the EEC countries give a broad indication of price levels there. It is not possible to provide meaningful world market prices for sugar beet, eggs and pork, since international trade in these commodities is relatively small. For beef and cereals, United Kingdom market prices and United Kingdom cif quotations respectively give a fair indication of prices on world markets for these products. The information available from official sources is as follows: