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Argentine Beef (Prices)

Volume 155: debated on Tuesday 27 June 1922

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asked the President of the Board of Trade whether he is aware that the rise in the price of Argentine beef since the end of 1921 has been greater than the normal seasonal rise; and, seeing that there is reason to suppose that this rise is due to the operation of the American meat trust does he propose to take any action to safeguard British consumers?

Up to the middle of June the rise in prices of Argentine beef was not much greater than the ordinary seasonal increase. In the third week of June, however, there was a sharp rise in wholesale prices both of Argentine chilled beef and of Scotch beef. My right hon. Friend has no knowledge that meat prices have been manipulated by any particular interest, but he will be grateful if the hon. Member will furnish him with any precise information of such manœuvres.