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Grain Stores And Prices

Volume 888: debated on Wednesday 19 March 1975

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asked the Minister of Agriculture, Fisheries and Food what is the present grain surplus held within the EEC; and what are the current average prices inside and outside the EEC.

The following quantities of grain have been taken into various forms of intervention:

Million Metric Tons
The Home-Grown Cereals Authority published weekly market price quotations in the currencies of Community countries and converts these at spot rates into sterling. For the week ending 12th March the latter were within the following ranges, which partly reflect differences in local conditions but mainly those in current exchange rates:

£/long ton
Milling wheat66·55(Arras)
Feed barley61·55(Arras)
Malting barley86·50(Wurzburg)

It is not possible to give market prices for grain of comparable quality outside the Community, and these will in any case be affected by exchange rates, transport costs and local market conditions.