§ Mr. Patrick McNair-Wilsonasked the Minister of Agriculture, Fisheries and Food what is the increase in the annual cost of imported foodstuffs for each percentage point fall in the value of the £ sterling against all currencies.
§ Mr. Peter WalkerIn respect of most foodstuffs subject to the common agricultural policy, the effects of changes in the market value of the £ sterling are broadly offset by the operation of monetary compensatory amounts. For other foodstuffs, the extent to which the prices and volumes of imports are affected depends on many factors including decisions taken by traders in the light of market circumstances for the various products.