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Food Prices

Volume 893: debated on Friday 13 June 1975

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asked the Minister of Agriculture, Fisheries and Food what has been the percentage change in world prices for beef, butter, cheese and lamb over the past 10 years; what has been the change in EEC common agricultural policy prices for the same commodities over the same period; and if he will express the percentage changes in real terms.

Ten years ago there were no EEC common support prices for the products in question. There are also problems about determining world prices. In the case of butter, cheese and lamb the following table is based on the cost to the United Kingdom of imports from New Zealand, taking account for butter and cheese of the operation of EEC monetary adjustments.

Movements in "world" pricesPercentage Change 1965 to 1974
Australian light bullocks, Brisbane+25
USA choice steers, Chicago/Omaha+62
Butter—United Kingdom imports from New Zealand+27
Cheese—United Kingdom imports from New Zealand+42
Lamb—United Kingdom imports from New Zealand+121
A consistent comparison in real terms is not available as the prices referred to come from different points of sale in different countries.