§ 21. Mr. Shepherd
asked the Minister of Agriculture, Fisheries and Food if, in the light of a continued fall of the £ sterling on the world markets, he will now reconsider introducing a system whereby the green pound is automatically readjusted at regular intervals to ensure reasonable parity between prices received 446W by United Kingdom farmers and continental farmers.
§ 28. Mr. Geraint Howells
asked the Minister of Agriculture, Fisheries and Food if he will list benefits which have accrued to British beef producers from the green pound in the current year.
§ Mr. Peart
The present rate for the green pound came into effect in the beef sector on 5th January 1976 and higher beef support prices applied in the United Kingdom from that date. To the extent that the green pound remains above the market rate for sterling, the prices of feeding stuffs to beef producers in the United Kingdom are held down.
§ Mr. David Steel
asked the Minister of Agriculture, Fisheries and Food whether he will press for revaluation of the green pound now 14 per cent. out of line with the value of sterling.
§ Mr. Bishop
I refer the hon. Member to the reply given to the hon. Member for Shrewsbury (Sir J. Langford-Holt) on 25th March.—[Vol. 908, c.235–36.]