§ Mr. Austin Mitchellasked the Minister for Agriculture, Fisheries and Food whether he will circulate in the Official Report a table showing for beef, lamb, pigment and poultry (a) the carcase price, (b) the intervention price and (c) the retail price in 1970, 1975 and at the latest available date.
§ Mr. Buchanan-SmithThe information is as follows:
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1970 1975 1980 (b)Intervention price(7) — — — (c) Average retail price, 3 lb frozen broilers, per lb 16.4p 30.1p 52.1p(1) Notes
(1) Average for May 1980.
(2) Intervention price, based on 90 per cent. of guide price, varies by grade of cattle concerned.
(3) Community institutional prices since United Kingdom accession are convertible to sterling at the current representative rate. For 1975 up to 2.3.1975, £1 =2.0053ua; from 3.3.1975, £1=1.96178ua: from 4 8.1975, £1 =1.86369ua and from 27.10.1975, £1 =1.7556ua. For 1980 to date, £1=1.61641 ECU.
(4) Week commencing 2 June 1980.
(5) When regime comes into operation.
(6) Provision for intervention within the range 85–92 per cent. of the basic price prior to 1 July 1978 and within the range 78–92 per cent. of the basic price since then.
(7) Intervention arrangements do not apply to this product.