Value of Intervention Stocks

Summary

The Minister listed the quantities and values of beef, butter, skim milk powder and barley in intervention stocks, totaling £729 million; storage costs were not provided.

Gay Mitchell Mr. G. Mitchell Fine Gael

asked the Minister for Agriculture and Food the total amount of food in intervention stocks in Ireland at 31 October, 1987.

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Michael O'Kennedy Mr. O'Kennedy Fianna Fáil

There were 108,000 tonnes of beef, 100,000 tonnes of butter, 2,250 tonnes of skim milk powder and 26,100 tonnes of barley in intervention stocks in Ireland on 31 October 1987.

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Gay Mitchell Mr. G. Mitchell Fine Gael

What was the value of those stocks and what is the cost of storing them?

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Michael O'Kennedy Mr. O'Kennedy Fianna Fáil

The breakdown is: beef, £316 million; butter £406.2 million; skim milk powder, £3.1 million and feed barley, £3.7 million making a total of £729 million.

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