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Butter (Intervention Stocks)

Volume 928: debated on Monday 21 March 1977

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asked the Minister of Agriculture, Fisheries and Food if he will give the estimated or approximate price at which the butter, which was recently sold to the Russians at 17p or thereabouts, was taken into intervention, the cost of storage during such time as it was in intervention, the cost of the various compensatory payments and any other costs chargeable to that butter, expressed in pence per pound.

There is no evidence that intervention stocks of butter were involved. The sale of butter to the USSR was negotiated by a private trader within the normal framework of Community export refund arrangements.