Exporters’ Bid To End Wheat Price Deadlock
(10 a.m.) NEW YORK, Mar. 9. In an effort to break the deadlock over wheat prices, the world’s big wheat exporting nations have scaled down the amount of wheat they would require the importing countries to buy under the proposed new international wheat agreement. The exporting nations, led by the United States, are reported to have asked Britain and other major wheat importers to guarantee to buy 500,000,000 bushels of wheat yearly over the next four years. They had insisted previously that the importing nations should take at least 550.000,000 bushels yearly in turn for a ceiling price of 180 cents a bushel for the first year of the agreement. The price ceiling would then be sealed down to 120 cents in the fourth year. It is understood that the importing nations have cabled their Governments for instructions on the exporters’ new offer.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19490310.2.70
Bibliographic details
Gisborne Herald, Volume LXXVI, Issue 22891, 10 March 1949, Page 5
Word Count
150Exporters’ Bid To End Wheat Price Deadlock Gisborne Herald, Volume LXXVI, Issue 22891, 10 March 1949, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.