International Sugar Council

Anonymous

International Organization, 1960, vol. 14, issue 4, 697-697

Abstract: It was announced by the press in July that the 35-nation International Sugar Council, meeting in London, had decided unanimously to raise sugar quotas immediately from 85 to 100 percent of the basic export tonnages of member countries, and, as soon as the prevailing price came within the range of 3.25 and 3.45 cents a pound, to increase quotas automatically to 105 percent of basic tonnages. In its communique1 the Council was said to have stated that the action was based on a review of the current market situation, which revealed that, on the basis of an 85-pcrcent quota level, the deficit of sugar in the world market for the current year would have amounted to 1,250,000 tons. The effect of the Council's decision, the press pointed out, was to allow Cuba to dispose of the 700,000 tons of sugar that the United States had decided earlier in the year not to purchase.

Date: 1960
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:intorg:v:14:y:1960:i:4:p:697-697_40

Access Statistics for this article

More articles in International Organization from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().