The mood of the international grain market changed remarkably in the decade before this book was originally published in 1986. In the early 1970s, which were years of buoyancy and high prices, the concern was with feeding the starving millions and subsequently, in the United states, with the use of the grain embargo weapon to put pressure on the Soviet Union. In the mid-1980s, after a long period in which the recession kept prices down, the climate was much gloomier. The book considers the state of the major supplier countries and their particular problems. It charts the changes in the market and discusses major issues of international concern. It concludes by surveying prospects for the market.
Table of Contents
Preface 1. Introduction 2. The United States 3. Europe: the Common Agricultural Policy and World Markets 4. The Soviet Union 5. The Grain Trade and the Failure of International Control 6. The Grain Trading Companies 7. US-European Agricultural Trade Relations 8. Prospects for the World Grain Trade: the Chinese Market 9. Prospects for the World Grain Trade: the South-East Asian Market 10. Conclusion. Summary Tables