HC Deb 09 July 1973 vol 859 c243W
46. Mr. Skeet

asked the Secretary of State for Trade and Industry if he will give his estimate of the trend of world commodity prices during the next 12 months, identifying the major commodities.

Sir G. Howe

Forecasting trends in prices of basic materials is hazardous in view of their volatile behaviour. It is not expected, however, that the recent fast rate of increase will continue during the next 12 months.