§ Mr. Peter Fraserasked the Minister of Agriculture, Fisheries and Food what is the estimated percentage increase per month in sheepmeat guide prices in the first year after the introduction of the EEC regulation on sheepmeat.
§ Mr. Buchanan-SmithThe seasonal scale of guide prices for variable premiums proposed for the first year of the 3W Community sheepmeat regime is intended to apply in the present marketing year ending in March 1981. The guide prices will be varied weekly. During the remainder of the marketing year 1980–81, the increase in any week in the proposed guide price over the guaranteed price under the fat sheep guarantee scheme would vary between 9 and 23 per cent. These proposed guide prices will apply from the date of implementation of the regime: this has yet to be determined.
Commodity Third Country offer prices (a) June 1980 Common prices in sterling terms (b) June1980 £/tonne £/tonne Common wheat for breadmaking 78 98.77(c) Rye 75 93.93 Butter 851(d) 1804.0 White sugar 344 261.69(e) (a) The third country offer prices have been calculated from the import/export levies calculated by the EC Commission for 28 June, and converted at the market rate of £ = 1.64541 ECU's. (b) Common prices in ECU's have been converted to sterling at the appropriate green rates: for wheat and rye £1 = 1. 70148 ECU's and for butter and sugar £1 = 1.61641 ECU's. (c) Reference price for breadmaking wheat of minimum quality. The intervention price for wheat of feed quality is £87.67 per tonne. (d) The New Zealand cif price minus the MCA payable by New Zealand exporters is given rather than the third country offer price of £613 per tonne implied by the Commission's levy calculation, since the former is considered a more realistic indicator of the world price. (e) Intervention price in United Kingdom and Irish Republic.