§ Mr. Spearingasked the Minister of Agriculture, Fisheries and Food if he will state the increase in intervention price paid for each of the main types of cereal occasioned by the last 5 per cent. devaluation and increase in common prices and his estimate of the effects of these prices on bread and milk.
§ Mr. Peter WalkerThe increase in the United Kingdom intervention price for common wheat, barley and maize, with effect from 1 August, which is attributable to the devaluation of the green pound and the increase in common prices agreed last week is £5.55 per tonne; the comparable figure for the breadmaking wheat reference price is £6.26 per tonne. That devaluation and the increase in common prices might eventually add ½p to the price of a standard loaf but for milk, where agreement was reached on a freeze in common prices, there will be no effects on the retail price.