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Ms. Naheed Kirmani, Mr. Lorenzo L. Pérez, Mr. Shailendra J. Anjaria, and Mr. Zubair Iqbal

fruit and vegetables) and the guide price (for cattle and calves) operate on a similar basis. Intervention or support prices, also set annually, are generally 5–10 per cent below target prices. They are prices at which the intervention agencies guarantee to buy stocks from producers. Threshold, reference, and sluice-gate prices are minimum import prices below which imports may not take place. Threshold and reference prices are strictly related to internal target and intervention prices. The threshold price for wheat, for example, is equal to the target price in the