EXPORTERS’ OFFER
WORLD WHEAT AGREEMENT MINIMUM GUARANTEE MARGIN REDUCED NZPA—Copyright WASHINGTON, Rec. 9 p.m. Mar. 8. In an effort to break the deadlock over the wheat prices, *he world’s big wheat exporting nations have scaled down the amount of wheat they would require 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 the other major wheat importers to guarantee to buy 500,000,000 bushels of wheat a year over the next four years. They had insisted previously that the importing nations should take at least 550,000.000 bushels a year in return for a ceiling price of 180 cents a bushel .for the first year of the agreement. The price ceiling would then scale down to 120 cents in *he fourth year. It is understood that the importing nations have cabled their Governments for instructions on the exporters’ new offer.
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Bibliographic details
Otago Daily Times, Issue 27026, 10 March 1949, Page 7
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155EXPORTERS’ OFFER Otago Daily Times, Issue 27026, 10 March 1949, Page 7
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