§ 107. Sir J. Langford-Holtasked the Minister of Agriculture, Fisheries and Food what estimate he has made of the effect British entry into the Common Market will have on cereals and feeding-stuffs; and what will be the result on the price of products in the United Kingdom.
§ Mr. PeartI cannot say how the E.E.C.'s arrangements for cereals might be modified if we entered the Common Market. If they were unchanged, prices in the United Kingdom for cereals, feedingstuffs, and for many other products containing cereals, would be greatly increased. Cereals production would286W become relatively far more profitable than livestock production; and would expand considerably. The prices of most livestock products depend on the Community's regulations for those products. For pigs, poultry and milk, the somewhat higher producer prices inside the Community would be outweighed by the higher cost of feedingstuffs. Imports of cereals from non-Community sources would be subject to substantial levies.