§ Mr. Austin Mitchellasked the Minister of Agriculture, Fisheries and Food whether he will publish in the Official Report a table showing for each of the principal crops the amount payable to United Kingdom farmers as a result of the difference between the green pound and the common agricultural policy price.
§ Mr. MacGregorThe use of a fixed exchange rate (the "green" rate) rather than variable market rates to convert CAP institutional prices in ECUs into sterling results in prices which can be either higher or lower than those which would apply if market rates were used. At present institutional prices for all CAP products in the United Kingdom are 6.3 per cent. above the level that would apply if market rates were used, but this can vary, and indeed, has varied, considerably within short time scales.