§ Mr. Laurence RobertsonTo ask the Secretary of State for Environment, Food and Rural Affairs what the average price of wheat has been in the UK in each of the last five years for which figures are available; what the(a) world and (b) EU prices were; and if she will make a statement. [39282]
§ Mr. Morley[holding answer 28 February 2002]: Average wheat prices for the last five years, for the UK, EU and world, are given in the tables.
World price1 $/t EU price2 euro/t UK price3 £/t 1997 144 136 92 1998 111 100 78 1999 97 92 74 2000 99 108 70 2001 108 122 76 1 US Soft Red Winter No. 2 fob US Gulf. 2 EEC Standard wheat France Rouen. 3 Production-weighted average of milling and feed wheat ex-farm prices. Sources:
1. HGCA (Home Grown Cereals Authority)
2. IGC (International Grains Council)
3. HGCA
224W
Prices converted to sterling World price £/t EU price £/t UK price £/t £/$ exchange rate £/euro exchange rate 1997 88 94 92 0.6118 0.6906 1998 67 68 78 0.6034 0.6762 1999 60 61 74 0.6181 0.6589 2000 65 66 70 0.6607 0.6093 2001 75 76 76 0.6941 0.6218