§ Mr. Strang
asked the Minister of Agriculture, Fisheries and Food what estimate he has made of the effect the new cereal import levy scheme will have on the price of bread in both the short term and the long term.
§ Mr. Prior
In the short term I do not expect the Import Levy Scheme to lead to any significant increase in the price of bread. I cannot give a forecast over the longer term since movements of cereal prices are notoriously difficulty to predict. In any case I understand that the cost of flour represents less than 30 per cent. of the retail price of bread.