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Butter (Ussr Purchases)

Volume 932: debated on Thursday 19 May 1977

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asked the Minister of Agriculture, Fisheries and Food whether exports of subsidised butter from the EEC to the USSR have been resumed; and what was the EEC intervention price and the price paid by the USSR, respectively.

I would refer my hon. Friend to the reply given to my hon. Friend the Member for Newham, South (Mr. Spearing) on 9th May. The EEC intervention price, which is set in units of account, is roughly £1,960 in Germany and £1,563 in France at the moment, compared with £1,170 in this country. The effect of current export subsidies and associated monetary adjustments is to reduce the export price of butter bought from the intervention agencies to about £567 per tonne. But handling costs and the trader's margin would have to be added to this.