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We fix the guide price and then base compensation on the average market price.
If there are changes in terms of beef, it will affect the guide price applicable in this country.
Proposals for an increase in the guide price for the year 1973–74 are still under discussion.
The industry will take some convincing that the guide price arrangements are sufficient and high enough to ensure a proper bottom for the market.
Secondly, the guide price should be based on a weighted average of prices at representative ports during the better of two fishing years.
The guide price for beef will remain unchanged.
The following figures show the amount by which the average market price fell short of the guide price in the relevant marketing years.
This is not necessary for beef because the increased guide price is still well below present market prices.
The difference between the average market price and the average guide price in each of the marketing years requested is as follows.
That was because farmers held back supply as the drop in the guide price meant a lower return.
Producers will be provided with deficiency payments, based on a guide price well above that set for this year under our national scheme.
It is desirable for the gaps between the guide price, withdrawal price and the average market price to be kept to a realistic level.
The site will be marketed this autumn, with this figure as a guide price.
No agreement has yet been reached on the level of the 1974–75 guide price for beef.
The guidance advises that a professional valuation must be obtained prior to a property being marketed to act as a guide price.