HC Deb 11 December 1967 vol 756 cc67-8W
Mr. Patrick Jenkin

asked the President of the Board of Trade what is the percentage increase in the sterling price of the following commodities, whch he estimates will result from devaluation, namely, copper, aluminium, coffee, tea, cocoa, jute, cotton, sugar, tin, rubber, wool and tobacco.

Mr. Darling

All I can give are the price changes since devaluation, which among other factors reflect its immediate effects:

PERCENTAGE CHANGES IN PRICES IN THE UNITED KINGDOM BETWEEN 17TH NOVEMBER AND 5th DECEMBER, 1967
Copper +9.7
Aluminium +16.7
Coffee +16.5
Tea -4.5
Cocoa +10.3
Jute +12.2
Cotton (short staple) +18.0
Sugar* +4.5
Tin +11.4
Rubber Nil
Wool (merino) +17.5
* Prices of sugar traded outside the Commonwealth Sugar Agreement. The price of sugar traded within the Agreement, which covers the bulk of United Kingdom imports, is unaffected by devaluation.

There have been no tobacco sales.