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Tea And Coffee (Prices)

Volume 526: debated on Wednesday 7 April 1954

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20.

asked the Minister of Food if he is aware that further increases in prices of tea and coffee are announced for an early date; and if he will take steps to impose a ceiling price on these commodities.

No general price increases have been announced, but retail prices must reflect increasing world procurement costs. In any case, competition is likely to be much more effective in holding prices than any system of price controls, with its inevitable accompaniment of rationing and restriction.