§ Mr. Austin Mitchellasked the Minister of Agriculture, Fisheries and Food whether the guaranteed European Economic Community price for sheepmeat is payable on meat produced in all European Economic Community countries; whether, in that event, there is any variation in terms of green currencies or otherwise ; what is the current or recent market price in each country ; and whether he expects prices to be equalised as a result of the agreement reached on sheepment.
§ Mr. Buchanan-SmithThe proposed sheepmeat regulation will apply throughout the Community. There will be annual premiums to maintain incomes following the introduction of the regime, and sea-sonalised market support at a lower level either in the form of limited intervention or of variable premiums.
712WIt is proposed to convert institutional prices using representative or green rates and there will be some differences in these prices when expressed in national currencies.