§ Mr. Teddy TaylorTo ask the Minister of Agriculture, Fisheries and Food what progress was made at the recent Council meeting in aligning EEC food prices with world prices; and if he will make a statement.
§ Mr. MacGregorThe Council agreed to hold common prices for all major commodities unchanged for the coming year, and to make some changes in intervention arrangements which will have the effect of reducing support prices. There were also changes to green currency rates, which will affect support levels for certain commodities. Further reductions in support levels are also likely through the operation of the new stabiliser arrangements. The gap between the resulting Community prices and world prices will depend on how world prices move.