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Sugar

Volume 885: debated on Thursday 30 January 1975

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asked the Minister of Agriculture, Fisheries and Food (1) how much of the rise in sugar prices to £285 per ton was attributable to the cost of purchasing EEC raw sugar at premium prices;(2) how much of the rise in sugar prices to £285 per ton was attributable to losses incurred in the collapse of the Paris sugar market;(3) how much of the rise in sugar prices to £285 per ton is attributable to increases in the price of sugar beet to United Kingdom growers;(4) how much of the rise in sugar prices to £285 per ton was attributable to losses incurred in borrowing sugar for the domestic market, which had been purchased on the world market for export;(5) how much of the rise in sugar prices to £285 per ton was attributable to the cost of compensating other Commonwealth Sugar Agreement countries following the agreement to purchase sugar from Guyana at £145 per ton;(6) how much of the rise in sugar prices to £285 per ton was attributable to losses incurred in buying sugar on the world market, which failed to obtain sufficient subsidy to bring its price within the EEC price range under the Lardinois scheme.

The new price was determined in accordance with the Price Code, as modified by a certificate of the Secretary of State for Prices and Consumer Protection issued under paragraph 83 of the code. Details of the cost increases which were taken into account are confidential to the three main sugar refining companies concerned.