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Tuesday, 25 September 1973
Page: 1418

Mr HURFORD (ADELAIDE, SOUTH AUSTRALIA) - My question is addressed to the Minister representing the Minister for Primary Industry. Because it is so difficult to forecast the future demand for wheat, as it is for nearly all primary industry products, will he do his best to ensure that at this time of buoyant demand and high prices some proceeds are prudently put aside for greater storage facilties and also for future income subsidy?

Mr GRASSBY - The honourable member poses a question relating to what is really a matter associated with wheat stablisation. As I mentioned in the House last week, I think it was, on behalf of the Minister for Primary Industry, the discussions on the new wheat stabilisation scheme are proceeding at present and will take into account some of the matters that he has raised. I would just add that there is often a great deal of misunderstanding about the returns for wheat and the charges for wheat, and particularly the spread of costs between the producer and the consumer. I was interested to see the other day that in 1952 a 2 lb loaf cost 10c and contained about 3.4c worth of wheat and that last year a loaf costing 23c contained even less value in wheat, namely, 2.8c. So there is certainly room for a look at the whole gamut of matters associated with the producer and the consumer and quite frankly I would hope that we would be able to bring them much closer together in the future to the benefit of both.

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