RECORD STOCKS.

Ashburton Guardian, Volume 61, Issue 252, 6 August 1941, Page 7

RECORD STOCKS.

WORLD WHEAT SUPPLIES. PROBLEMS AFTER THE WAR, • WASHINGTON, Aug. 4. The United States State Department has announced that the International Wheat Conference has gone into recess until August IS. In the meantime a provisional draft agreement is being submitted to the participating Governments with a request for instructions enabling the delegates to prepare a definite text when the conference re-convenes. * The statement said the discussions included the need for an equitable sharing of world markets to avoid cutthroat competition. Stocks available for export in July, 1941, amounted to about two years’ normal requirements of imported wheat. Consequently the representatives of exporting countries were compelled to face the necessity of controlling, production in order to prevent stocks rising further above the present rqcord high level.

IJThe representatives,” the state-/ ment continued, “recognised that European agriculture after the war will be distorted and that there will be an urgent need for reconstruction which should result in. the provision in each country of diets more adequate for health and happiness, thus improving on pre-war conditions. Much progress has been made in the consideration of those problems. By the establishment of an over-normal granary, and a large pool of wheat, the world’s consumers may be guaranteed abundant post-war supplies at prices reasonable to them and to producers and free of charge to those needing relief.”