asked the Minister of Agriculture, Fisheries and Food if he will circulate in the Official Report a table showing the latest retail price of bread, beef, lamb, bacon, butter, cheese and sugar as a percentage of the retail price in January 1962 and the amount of the subsidy, if any; and how this compares with the increase in retail prices, excluding foodstuffs, over the same period.
The figures are as follows:
|Percentage change between January 1962 and May 1980|
|Bread(white, wrapped and sliced)||+516|
|Beef(home killed, chuck)||+572|
|Lamb(home killed, leg with bone)||+607|
|All items except food||+389|
Source: Department of Employment.
There is currently a subsidy of 14·2p per 500 grams on butter.
asked the Minister of Agriculture, Fisheries and Food if he will circulate in the Official Report a table showing the latest agreed common agricultural policy price for wheat, barley, maize, beef, lamb, bacon, butter, cheese and sugar as a percentage of (a) the open market price and (b) the guaranteed price in January 1962, together with the corresponding figures for the percentage increase in the retail price of motor fuel and of other fuels and light.
The nearest available information is shown in the following table. Since January 1962 the percentage increases in the retail price of motor fuel and other fuel and light are 463 and 467 respectively to May 1980.
Common prices as percentage of
United Kingdom guaranteed prices January 1962(a)
Latest agreed common prices in sterling terms converted at £1=1·61641 ecu £/tonne
"World" Prices June 1980 (b) £/tonne
United Kingdom guaranteed prices in January 1962 Per cent.
World prices in June 1980 Per cent.
|Common Wheat||26/11per cwt.||26·57||96·44(c)||72||363||122(c)|
|Barley||27/7 per cwt.||27·16||96·44(c)||66||355||133(c)|
|Beef (liveweight)||167/- per live cwt.||164·36||895·10||520||545||172|
|Lamb (ecdw)||3/3 per lb.||358·25||1,814·51(d)||1,090(e)||506||166|
|Sugar||Beet 128/-per ton||6·30||275·20(i)||351(j)||N.A.||75(i)|
( j)Third country offer price implied by the Commission's calculation of export levy on refined white sugar. The London Daily Price can also be used as an indicator of world prices; on 18 June this price was £315 per tonne and common prices were 83 per cent. of it.