WHEAT RESTRICTIONS

Taranaki Daily News, 27 May 1933, Page 7

WHEAT RESTRICTIONS

NO AGREEMENT REACHED. experts to meet again. London, May 17. The wheat experts, who have been in conference but have failed to reach an agreement on acreage restrictions, will meet in London, after consulting their Governments, on May 29. _ • They issued a statement before adjourning, says the Geneva correspondent of the Times, ascribing the crisis, firstly, to the accumulation of exportable stocks, especially in Canada and the United States, coinciding with a number of abundant harvests, and, secondly, to the intensification of agricultural production in importing countries. The experts consider that the actual over-production is small, and suggest international action to limit production, and possibly exports, so as to liquidate stocks and maintain a reasonable import market in European countries. They add:—“While we do not demand the abandonment of protectionist policies deep-rooted in national sentiment, we ask importing countries to apply such policies where they are necessary with moderation, as a rise in wheat values will benefit importers and exporters alike.”