HC Deb 16 January 1985 vol 71 cc136-7W
Mr. Deakins

asked the Minister of Agriculture, Fisheries and Food what have been the European Economic Community intervention price for sugar beet, the sugar price paid to ACP countries and the average world sugar price in each of the past five years.

Mr. MacGregor

There is no intervention price for sugar beet. The intervention price for raw sugar, the guaranteed price for raw sugar imported from ACP countries under preferential arrangements and the average London daily price for raw sugar have been as follows—on a July-June basis:

Intervention price for raw sugar*

£ per tonne

ACP guaranteed price for raw sugar*

£ per tonne

Average London daily price for raw sugar‡

£ per tonne

1979–80
1 July '79 to 30 September '79 198.39 198.39 191.05
1 October '79 to 16 December '79 200.59 200.59
17 December '79 to 30 June '80 211.15 211.15
1980–81 222.04 222.04 278.85
1981–82 238.68 240.90 158.66
1982–83 263.73 263.73 111.74
1983–84 274.31 274.31 134.44
Source: Average London daily price — International Sugar Organisation.
* Converted from ECU at the appropriate representative rate.
† Supplies of preferential ACP sugar are marketed in the Community at prices freely negotiated between buyers and sellers. The Community guarantees to purchase, at the guaranteed price, quantities of white or raw sugar, within agreed quantities, which cannot be marketed in the Community at a price equivalent to or in excess of the guaranteed price.
‡ There is no single world price for sugar. The London daily price is representative of the prices on the world market.