§ Mr. Austin Mitchellasked the Minister of Agriculture, Fisheries and Food what is the effective support price for sugar as a result of the prices agreed under the common agricultural policy in the current year; and what is the current London daily price for sugar.
§ Mr. Buchanan-SmithFor the 1982.83 marketing year, which began on 1 July, the Community's common effective support price for white sugar is £344.34 per tonne. The world market for sugar is currently very depressed and on 14 July the London daily price for white sugar was £162 per tonne. This contrasts with the situation in 1980.81, when for much of the year world market prices exceeded the Community's price. The maximum extent of this excess was £117.43 per tonne on 15 October 1980 when the London daily price was £403 per tonne and the common effective support price was £285.57 per tonne.