§ Mr. Austin Mitchell
To ask the Minister of Agriculture, Fisheries and Food what effect the fall in the rate of exchange since the pound sterling left the European monetary system has had on common agricultural policy716W prices in terms of the pound sterling; and if he will publish a table showing for each CAP commodity the sterling price (i) immediately prior to the United Kingdom's withdrawal from the EMS and (ii) currently.
§ Mr. Curry
The devaluations of the green pound since the pound sterling left the exchange rate mechanism have increased CAP support prices by 18 per cent. The information requested on the sterling prices of CAP commodities is given in the table:
to 16 September 1992 from 1 January 1993 Common Wheat (buying-in price per tonne) 122.24 1148.54 Feed Wheat/Barley (buying in price per tonne) 116.14 1141.34 Beef (intervention price per 100 kg) 272.83 322.09 Beef Special Premium Scheme (per head) 31.82 256.34 Butter (intervention price per 100kg) 232.88 274.94 Target price for milk (pence per litre) 21.96 25.93 Sheep Basic Price3 (per 100 kg) 336.42 4392.97 White Sugar Intervention Price (per tonne) 431.28 509.15 Basic Sugar Beet Price (per tonne) 31.82 37.56 'A' Quota Minimum Sugar Beet Price (per tonne) 32.43 38.29 'B' Quota Minimum Sugar Beet Price (per tonne) 20.50 24.20 1These buying-in prices reflect monthly variations as well as green rate changes. 2The increase in the Beef Special Premium reflects an increase in the amount of the premium in ECU as well as the changes in the green rate. 3The final rate of annual ewe premium payable for 1992, calculated according to the basic price in effect on 3 January 1993, will be decided on in March. The basic price for 1–3 January 1993 was £397.17 per 100/kg. 4Price wef 4 January 1993.