asked the Minister for Agriculture and Food the scope available for price increases through green pound devaluation in relation to (1) milk (2) beef and (3) cereals; the effect on each sector of full green pound devaluation; and his proposals in that regard.
Written Answers. - Green Pound Devaluation.
71.
Current Irish MCAs are as follows: milk and milk products, 3.5 per cent; beef, 2 per cent; cereals, 3.6 per cent. The abolition of these MCAs through green rate devaluations would lead to equivalent increases in prices in the sectors concerned. While the Commission's proposals for 1988-89 prices have not yet been announced, I will be pressing strongly for the abolition of existing MCAs in the forthcoming round of discussions.