§ Mr. Deakinsasked the Minister of Agriculture, Fisheries and Food what would be the reduction in each case in the common agricultural policy budget for 1986 as 629W a result of a 1 per cent. price reduction on the EEC Commission's price proposals for each of the following commodities: cereals, milk, beef and olive oil.
§ Mr. Gummer[pursuant to his reply, 13 March 1986, c. 573]: The following table shows the estimated reduction in EAGGF guarantee expenditure that would result in 1986 from a 1 per cent. price reduction additional to the EEC Commission's price proposals:
Mecu Cereals Milk Beef Commission proposals -392 +48 0 Additional 1 per cent, price reduction -18 -49 -20 Total -410 -1 -20 For olive oil, the saving from the Commission's price proposals and any additional 1 per cent. price reduction is likely to be negligible in 1986, as the marketing year for this product begins on 1 November.