HC Deb 12 April 1988 vol 131 cc52-3W
Mr. Steinberg

To ask the Minister of Agriculture, Fisheries and Food what is the gap between the United Kingdom green rates and the market rate; and how in real terms this gap compares with those of the other European Economic Community member states.

Mr. MacGregor

The real monetary gap (RMG) is the difference between a currency's green and market rates of exchange calculated as a percentage of the former. In sectors where monetary compensatory amounts (MCAs) apply, they are derived from the RMG by the subtraction of a "franchise". The real monetary gaps applying in the Community in the week commencing 11 April 1988 were:

Member state/Sector Real monetary gap (per cent.)
United Kingdom
Beef -5.1
Crops -13.8
Pigmeat -7.6
Sheep -14.4
Others -12.2
Belgium
Sheep -2.0
Luxembourg
All others -0.5
Denmark
Pigmeat -0.5
Sheep -4.1
Others -2.0
France
Beef -2.0
Eggs and poultry -5.3
Pigmeat -1.5
Sheep -4.1
Wine -5.6
Others -5.0
Germany
Beef, sheep +0.9
Cereals +2.4
Others +1.9
Greece
Beef, milk -49.5
Cereals -39.1
Pigmeat -39.0
Sheep -24.2
Others -45.4
Ireland
Crops -5.1
Milk, eggs and poultry -5.0
Pigmeat -3.6
Sheep -6.9
Others -3.5
Italy
Cereals -8.0
Fruit and vegetables -5.9
Pigmeat -3.1
Sheep -11.0
Wine -7.6
Others -7.0
Netherlands
Beef +0.3
Cereals +1.9
Milk +1.4
Others +1.3
Portugal
Sheep, structures -4.7
Fishery products -9.7
Others -10.9
Spain
Crops -1.8
Sheep -3.4
Others -0.8