§ Mr. StrangTo ask the Minister of Agriculture, Fisheries and Food (1) what is the gap in percentage terms between the green pound and the pound sterling for each of the common agricultural policy commodities at the latest convenient date;
(2) what was the size of the monetary compensatory amounts on each of the commodities covered by the Agriculture Council at the most recent convenient date.
§ Mr. MacleanThe real monetary gaps (RMGs) which represent the percentage difference between green and market rates of exchange and the United Kingdom monetary compensatory amounts (MCAs), to be applied for the week beginning 23 April 1990, are shown in the table.
RMG MCA Per cent. Per cent. Beef −16.450 −15.0 Milk −20.273 −18.8 Pigmeat −12.872 −11.4 Eggs and Poultry −20.273 −16.2 Cereals and Sugar −21.194 −19.7 Olive Oil −21.194 −11.2 Sheepmeat −21.549 − Notes:
1. Negative MCAs are normally calculated by deducting a franchise of 1.5 points from the RMG. A 10 point franchise is deducted from the RMG in the olive oil sector.
2. The eggs and poultry MCA is calculated by deducting a 5 point franchise from the cereals RMG.
3. No MCA is applied in the sheepmeat sector.