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Tobacco stabilisation plan 1979 to 1983



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PRIMARY INDUSTRY MEDIA RELEASE

STATEMENT BY 6 2 -

THE MINISTER FOR PRIMARY INDUSTRY THE RT. HON. IAN SINCLAIR M.P.

CANBERRA

• : 17 Hay 1978

TOBACCO STABILISATION PLAN 1979 TO 1983 .

J: ■ . ,

The Chairman of the Australian Agricultural Council, Mr Ian Sinclair

Minister for Primary Industry, announced today that agreement had

been reached on a Tobacco Stabilisation Plan to operate in the five

years 1979 to 1983. '

The provisions of the Plan are similar to those of other stabilisation

arrangements which have operated since 1965. ...

The marketing quota for flue-cured leaf in 1979 will be 15.3 million

kg. (In 1978, quota deliveries were limited to 14.1 million kg.) .

For each subsequent year, the quota will be subject.to adjustment

in line with changes in ‘consumption and stocks of quota leaf held by

manufacturers. ■ .

An average reserve price will be established each year having

regard to the current price of $3.62 kg and known movements in

a range of costs. \

The Australian Tobacco Board is responsible for administering the

Plan and will recommend such changes in quotas and prices as may

be necessary.

The Plan assures the industry of continuation of orderly marketing

arrangements on a basis which will enable growers to look to the

future with increased confidence. The setting of the 1979 quota

at 15.3 million kg will provide welcome relief after the cutback .

in deliveries which became necessary in 1977 and 1978.

Mr Sinclair said that the Commonwealth Government, in endorsing

the Plan, had noted that it did not call for any change in the level

of protection presently accorded the industry or in the Customs

By-law relating to rates of duty applicable to imported leaf

used in blending with Australian leaf.