Supermarkets: Payments to Suppliers

Part of the debate – in the House of Lords at 2:46 pm on 26 February 2003.

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Photo of The Duke of Montrose The Duke of Montrose Conservative 2:46, 26 February 2003

My Lords, I declare an interest as a farmer. Does the noble Lord agree that, in most sectors, the supermarkets are supplied by processors? Nowadays, they take almost all of a processor's production and call that a "partnership". It is a strange sort of partnership.

Will the Office of Fair Trading look into the number of processors that have ceased to be public limited companies because they can no longer offer the financial returns that make them attractive to investors? Similarly, the processors do not have a margin to pass back to the farmers.