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Intervention Stocks

Volume 925: debated on Wednesday 2 February 1977

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asked the Minister of Agriculture, Fisheries and Food what was the cost to the United Kingdom of storage of EEC intervention stocks for each of the last three years for each of the commodities involved.

The United Kingdom contributes to the Communities' budget as a whole and not to its individual parts. The United Kingdom contribution was 8·78 per cent. in 1973, 11·04 per cent. in 1974 and 13·57 per cent. in 1975.The cost to the Communities' budget of storage of EEC intervention stocks held in public intervention stores and in EAGGF-aided private storage in the last three years for which figures are available are set out below:

1973 £ million1974 £ million1975 £ million
Cereals29·913·423·4
Milk and milk products.47·238·981·7
Sugar28·232·038·3
Beef and veal5·6102·8182·6
Pigmeat2·86·0
Wine2·810·815·2
Tobacco1·06·96·8
Total114·7207·6354·0
All the figures are converted from unit of accounts at the rate of £1 = 2·4 ua.