Book Description

Excerpt from Competition in the Grain Market of Western Europe In buying and selling grain, the landed price is, of course, the principal con sideration traders take into account. Most of the people interviewed during the course of this study stressed the strong competition in the grain business and asserted that all transactions hinge on price, except for certain minimum requirements of hard wheat. Then, quality is the main consideration. In their discussions, traders talked of the different elements that make up the landed price: The cost of the grain at points of export and import, insurance, shipping charges, delivery points, import duties and taxes, exchange rates. Thus it was clear that traders' preoccupation is with the margin of profit, not with the cost of grain alone. And, since they are in position to handle grain from any exporting country, their concern is not with source but with the elements that make up the landed price and the Operating margins. For example, at the time of this study, U. S. No. 2 Yellow and Eastern European corn were priced for export at the same level, and most of the traders interviewed considered these corns interchangeable. However, since East European corn can be moved cheaply along the Danube and other waterways into southern Germany, Austria, and Italy, u.s. Corn is not fully competitive in these markets. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.