HC Deb 21 December 1972 vol 848 c459W
Mr. Ralph Howell

asked the Minister of Agriculture, Fisheries and Food to what extent the fact that market prices are now above the standard price is reflected in the calculation of bacon stabilisation payments.

Mr. Anthony Stodart

The market price is being reflected in the stabilisation payments; otherwise, the pricing of bacon pigs would be quite out of line with the market, with adverse effect on the supply of bacon. In addition, in order to help to maintain bacon production while firsthand prices of home-produced bacon continue to be subject to the prices standstill, stabiliser payments will not be less than 90 per cent. of the difference between bacon realisations and production costs.

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