asked the Minister of Food what prices he has agreed to pay for butter under existing bulk-purchase agreements with New Zealand, Australia and Denmark, respectively.
Three hundred and twenty-six shillings, 326s., and 345s. per cwt. f.o.b. respectively for the contract year 1953–54.
Will the Minister give the figures in shillings per lb., so that the housewives know what he is talking about. Will he also explain what is happening to the difference between the price that he is paying and the very much higher price—about 4s. per lb.—which the housewives have to pay?
My right hon. and gallant Friend has made clear the policy of following the market price. If that were not done, considerable profits might go to people who do not deserve them.
They are getting 6d. per lb. now.