HC Deb 02 December 1964 vol 703 c68W
36. Mr. Stainton

asked the Minister of Agriculture, Fisheries and Food what information he has as to why the domestic price of sugar rose by 3s. per cwt. on 25th November.

Mr. Hoy

I am informed by the Sugar Board that towards mid-day on 25th November there was a rush of demand for raw sugar. The Board, in pursuance of its statutory duty to sell at the best price reasonably obtainable, raised its selling price in two steps from 29s. 9d. to 32s. 6d. per cwt. The refiners followed this price increase as is their normal practice. Their price was reduced by 3s. on the following day when the Sugar Board's selling price was reduced.