§ 50. Mr. Spearingasked the Minister of Agriculture, Fisheries and Food if he will estimate the effect on the price of cattle concentrate of full revaluation of the green pound and its effect on the retail price of milk.
§ Mr. BishopIt is estimated that a complete alignment of the green pound with the current market rate for the £ used for mca purposes would, if fully reflected in the market prices for cereals and assuming no consequent change in the composition of dairy rations, increase the cost of standard dairy cake by about £18 per tonne. Such a change would not have a direct effect on the retail price of milk for liquid consumption, since the maximum retail price is determined by Ministers in the light of a wide range of factors.