International Wheat Council

Anonymous

International Organization, 1954, vol. 8, issue 3, 425-426

Abstract: The eighth session of the International Wheat Council was reconvened in Washington from February 2 to April 13, 1953, and the eleventh session of the Council was also held in Washington from January 30 to April 2, 1953. On April 13, 1953, the Agreement Revising and Renewing the International Wheat Agreement was opened for signature. The agreement provided for the following sales of wheat for each of the ensuing three years: the United States, 270,174,615 bushels; Canada, 250,000,000 bushels; Australia, 75,000,000 bushels, with a clause providing for revision downward in the event of drought; and France, 367,347 bushels. The price range per bushel provided for in the new agreement was $1.55 to $2.05, as against $1.20 to $1.80 in the previous agreement. Britain objected to the maximum of $2.05, stating that $2.00 was a “generous settlement”, and withdrew from the agreement.

Date: 1954
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