HC Deb 24 January 1968 vol 757 c105W
36. Mr. Hawkins

asked the Minister of Agriculture, Fisheries and Food whether he is aware of losses to cereal exporters caused by the effect of devaluation on forward grain sales; and whether he will take steps to assist them.

Mr. Hoy

No. Exporters who sell short can cover themselves by hedging; otherwise they necessarily risk a rise in the market price.

48. Mr. Eldon Griffiths

asked the Minister of Agriculture, Fisheries and Food what steps he is taking to compensate farmers who sold cereals on forward contract last autumn at prices lower than they would now receive as a result of devaluation.

Mr. Hoy

None. The terms of forward contracts for the sale of cereals are a matter for the parties concerned.