To ask the Minister of Agriculture, Fisheries and Food what is the gap between the United Kingdom green rates and the market rate; and how in real terms this gap compares with those of the other European Economic Community member states.
The real monetary gap (RMG) is the difference between a currency's green and market rates of exchange calculated as a percentage of the former. In sectors where monetary compensatory amounts (MCAs) apply, they are derived from the RMG by the subtraction of a "franchise". The real monetary gaps applying in the Community in the week commencing 11 April 1988 were:
Member state/Sector
| Real monetary gap (per cent.)
|
United Kingdom
| |
| Beef | -5·1 |
| Crops | -13·8 |
| Pigmeat | -7·6 |
| Sheep | -14·4 |
| Others | -12·2 |
Belgium
| |
| Sheep | -2·0 |
Luxembourg
| |
| All others | -0·5 |
Denmark
| |
| Pigmeat | -0·5 |
| Sheep | -4·1 |
| Others | -2·0 |
France
| |
| Beef | -2·0 |
| Eggs and poultry | -5·3 |
| Pigmeat | -1·5 |
| Sheep | -4·1 |
| Wine | -5·6 |
| Others | -5·0 |
Germany
| |
| Beef, sheep | +0·9 |
| Cereals | +2·4 |
| Others | +1·9 |
Greece
| |
| Beef, milk | -49·5 |
| Cereals | -39·1 |
| Pigmeat | -39·0 |
| Sheep | -24·2 |
| Others | -45·4 |
Ireland
| |
| Crops | -5·1 |
| Milk, eggs and poultry | -5·0 |
| Pigmeat | -3·6 |
| Sheep | -6·9 |
| Others | -3·5 |
Italy
| |
| Cereals | -8·0 |
| Fruit and vegetables | -5·9 |
| Pigmeat | -3·1 |
| Sheep | -11·0 |
| Wine | -7·6 |
| Others | -7·0 |
Netherlands
| |
| Beef | +0·3 |
| Cereals | +1·9 |
| Milk | +1·4 |
| Others | +1·3 |
Portugal
| |
| Sheep, structures | -4·7 |
| Fishery products | -9·7 |
| Others | -10·9 |
Spain
| |
| Crops | -1·8 |
| Sheep | -3·4 |
| Others | -0·8 |