WORLD'S WHEAT

Evening Post, Volume CXVI, Issue 70, 20 September 1933, Page 10

WORLD'S WHEAT

ADVISORY COMMITTEE

REGULATING SUPPLIES

MEETING IN LONDON

(British Official Wireless.) (Received September 20, 2 p.m.)

RUGBY, September 19.

The first meeting was hold in London yesterday, under the chairmanship of the United States Ambassador, Mr. Robert Bingham, of the Wheat Advisory Committee which was set up, in accordance with the terms of agreement signed in London last month, between the wheat exporting and wheat I importing countries to consider measures for adjusting the supply of wheat to the effective world demand, eliminating abnormal surpluses, and to bring about a rise and stabilisation of prices. | The exporting countries represented on the committee are:—United States, Australia, Canada, the Argentine, and the four Danubian States (Hungary, Bulgaria, Yugoslavia, and Roumania), and Russia. The importing countries are Britain, France, Spain, Italy, Germany, Switzerland, and Scandinavia. The committee's duties are primarily advisory, and its main purpose is to review the way in which the agreements reached last month are functioning. The members selected as secretary Mr. A. Cairns, formerly chief statistician of Canadian wheat pools, who has recently been in charge of grain information. The proceedings were mainly devoted to preliminary discussion and the committee adourned until today. FRANCE AND GERMANY. The committee continued its session today. M. Devenat (France) explained that two successive bumper crops had resulted in France's exportable surplus now being about 13,000,000 quintals, of which it was hoped to dispose of 9,000,000 of lower quality by feeding animals, while the decreased quantity of flour extracted would account for another two millions, leaving only two millions exportable, which should have no appreciable effect upon world prices. Herr Duering (Germany) said that Germany similarly had a bumper harvest, which since July had exceeded the estimate by 12,000,000 quintals. The Government was reducing the area sown to both wheat and rye. Recent exports of wheat from Germany would be offset by imports of wheat during the present cereal year, and the exports of rye would be offset by subsequent imports of maize and barley. Furthermore, the Government believed that it could materially increase the consumption of wheat in Germany by reducing unemployment.

The committee adjourned until November 27.

Meetings between Russia and the four chief exporting countries (Canada, Argentina, Australia, and the United States) would be held next week to consider wheat quotas.