IDEAS home Printed from https://ideas.repec.org/a/cup/intorg/v9y1955i3p455-457_26.html
   My bibliography  Save this article

International Wheat Council

Author

Listed:
  • Anonymous

Abstract

Fifteenth SessionThe fifteenth session of the International Wheat Council met in London from June 16 to 21, 1954, and discussed the current wheat situation and its effects on the operation of the International Wheat Agreement. Prior to the opening of the session, press reports had indicated that the importing countries would raise the problem of recent price reductions by some major exporters and that the exporters would raise the problem of the declining purchases under the agreement. On the operation of the agreement in the current world wheat situation, the Council stated that the lower volume of international transactions during the 1953–1954 crop year reflected the general reduction in demand resulting from higher production in importing countries and reduction of reserve stocks in importing countries. Since prices within and outside the agreement had moved within the range of the agreed maximum ($2.05) and minimum ($1.55) prices, neither exporting nor importing countries had been obliged to transact business within the agreement. The Council recognized that, where substantial supplies of wheat were available for export in excess of current demand, the possibility persisted that the conditions of international trade in wheat could deteriorate to an extent that would have serious implications for international trade in general and the economies of wheat exporting and importing countries in particular, unless an orderly adjustment to more normal levels of supply and demand could be assured and maintained. The Council unanimously agreed that the cooperation of all wheat importing and exporting countries was essential to prevent such a situation from developing and that the International Wheat Agreement was the instrument for such international cooperation.

Suggested Citation

  • Anonymous, 1955. "International Wheat Council," International Organization, Cambridge University Press, vol. 9(3), pages 455-457, August.
  • Handle: RePEc:cup:intorg:v:9:y:1955:i:3:p:455-457_26
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0020818300023146/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:intorg:v:9:y:1955:i:3:p:455-457_26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ino .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.