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Wheat: Prices

Volume 468: debated on Monday 26 November 2007

To ask the Secretary of State for Environment, Food and Rural Affairs what recent assessment he has made of the financial impact of the increased price of wheat on farmers; and if he will make a statement. (165598)

The increase in UK wheat prices reflects the rise in global wheat prices following two successive smaller world-harvests and increasing demand for cereals for food, feed and fuel purposes. The impact, in financial terms, will differ across the farming sectors, as explained in our recent report Implications of rising agricultural commodity prices. A copy of this report is available on the DEFRA website.

Projections of the aggregate measure of Total Income from Farming have been published on the DEFRA website and the first full set of farm income statistics, including a breakdown by farm type, will be published at the end of January.