[John Cummings in the Chair] — Agriculture (South-West)

Part of the debate – in Westminster Hall at 9:30 am on 20th January 2009.

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Photo of James Gray James Gray Conservative, North Wiltshire 9:30 am, 20th January 2009

I do not believe that so-called speculators on the commodity farming markets—I used to be a managing director of a company that was involved in such work—can affect prices in such a way. If they did, the realities would come back and bite them very quickly. Such people provide the liquidity for farmers and producers to avoid unpredictable moves in prices. We should not blame the speculators.