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Wheat Prices And Levies

Volume 892: debated on Wednesday 14 May 1975

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asked the Minister of Agriculture, Fisheries and Food what are the prevailing prices for soft wheats in the EEC and in the world markets, respectively.

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
Milling Wheat:
(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.