The following EEC market price quotations were published for the week ending 30th April, converted into sterling at spot rates:
|£ per long ton
|(May delivery) delivered prices
(Source: Home Grown Cereals Authority Weekly Bulletin of 5th May 1975.)English milling wheat was reported to be on sale, delivered in London, at £51·75 per long ton. (Source: Public Ledger 30th April 1975.)There are no recognised world market prices for soft wheat since the majority of wheats traded on the international market are high-protetin strong varieties. Two of the most commonly traded soft varieties comparable in quality to EEC milling wheats are Australian f.a.q. and Swedish. The latest quotation I have for the former is a price of £61·23 per long ton f.o.b. Australian port (Source: International Wheat Council report of 23rd April 1975). To this would have to be added freight, insurance and handling costs to bring it to a landed European price, but the lack of public quotations suggests there is no trade to European destinations. Swedish wheat has not been publicly quoted for some time.