§ 72. Mr. Rankinasked the Secretary of State for the Colonies what percentage of the world price of cotton will be paid this year to the Uganda African farmer.
§ Mr. LytteltonI cannot forecast what the world price of Uganda cotton is likely to be when the marketing season for the 1952–53 Uganda crop opens early in November. The minimum price guaranteed to producers for the 1952–53 season is 50 cents per pound, equivalent to a f.o.b. price for lint cotton of almost 32 pence per pound, including ginning and marketing costs. The actual price to be paid to the producer will be decided at the beginning of the marketing season.