Book Description

Extract: The main grain-exporting countries may cooperate more closely in the eighties than in the past. In addition, there may be incentives to vary the policies of the marketing boards in Australia and Canada and increased internal pressure for the United States to sever the link between world grain prices and its domestic prices. Those are some possible consequences if forecasts of higher and less stable grain prices in the eighties are realized and if the structure of world trade continues to move toward more bilateral agreements and a greater role for state trading organizations.