Wheat.

Part of Oral Answers to Questions — Food Supplies. – in the House of Commons at on 9 December 1920.

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Photo of Mr Charles McCurdy Mr Charles McCurdy , Northampton

I have been asked to reply to these questions. It has already been stated that so long as wheat is being bought for the Government it is clearly undesirable to make public announcements as to the quantities and the prices paid. Such information would be beneficial to sellers and might seriously pre- judice the Exchequer. It has also been announced that the policy of the Government is to decontrol wheat and flour as soon as possible, and the methods by which the prices of wheat and flour may be brought into day-to-day relation with the movements of the world markets without unnecessary losses to the Exchequer and to distributors, and serious disturbance of trade, are receiving careful consideration. It is obviously impossible to predict the future course of markets, and the Noble Lord who refers to the constant fall in prices overlooks the wide fluctuations that still prevail. Within the last fortnight the average quotation for No. 1 Northern Manitoba wheat, c.i.f. United Kingdom ports, fell to 93s. 6d. per quarter, subsequently rose to 108s. 6d. on Tuesday last, and to-day stands at 104s. I must again point out that wheat not yet shipped cannot at the earliest be available for use as bread flour much before the middle of January.