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Wednesday, 12 April 1961

Mr ADERMANN (FISHER, QUEENSLAND) (Minister for Primary Industry) - I do not think that the latter part of the honorable member's statement has much relevance to the price of beef. I am interested in his statement, which he has taken from the press and which I saw of my own accord, to the effect that somebody in New South Wales - I do not know who the authority was - estimated that beef prices would rise. That report appeared only a day or so after I returned from Queensland where I had seen that some authority had stated that the price of beef would decline this year. So these so-called authorities are not necessarily correct. All I can say is that American prices are fairly stable, but the export prices are at a lower level than the home consumption prices; and I think we can guess from that situation that the price depends to a degree on the quantity of beef available for killing. So far there is no tendency for prices to rise in Queensland and they will not necessarily rise immediately in New South Wales as killing increases in Queensland.

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