HC Deb 24 July 1990 vol 177 c207W
Mr. Moss

To ask the Minister of Agriculture, Fisheries and Food if he will describe the net effects on supply estimates of the European Community decisions on agricultural prices for 1990–91.

Mr. Gummer

The voted provision for class III vote 1 for the intervention board executive agency (CAP market support) is a token of £1,000 due to the forecasts of receipts exceeding expenditure. The cost of the price-fixing decisions in the United Kingdom in 1990–91 has been estimated at £125 million. This relates mainly to the devaluation of the green pound and to reductions in the payment period for intervention intake. These measures, together with changes in market conditions which have arisen since the supply estimates were published, are expected to result both in increased expenditure and receipts. The necessary changes will be sought through a winter supplementary estimate.