Role of Grain Reserves in an International Food Strategy

  • T. E. Josling
Part of the Trade Policy Research Centre book series


When cereal prices rose with the coincidence of events around 1972/73, as described in Chapter 1, greater attention began to be given to the problems of maintaining grain reserves.1 At the World Food Conference, held in Rome in November 1974, proposals were advanced for an international system of nationally-held grain reserves.2 The place of such a system in an international strategy for broaching the ‘disarray in world agriculture’3 has been discussed in Chapter 8. In this chapter the problems posed by a system of reserves will be explored in more detail. In one way the problems are a restatement of the problems of shortages.4


World Food International Reserve Forward Contract Reserve Policy Tokyo Round 
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Notes and References

  1. 1.
    I. For a general discussion of grain reserves, see T. E. Josling, An International Grain Reserve Policy (London, Washington and Montreal: British—North American Committee, 1973).Google Scholar
  2. 3.
    For a major review of the state of world agriculture, see D. Gale Johnson, World Agriculture in Disarray (London: Macmillan, for the Trade Policy Research Centre, 1973; and New York: St. Martin’s Press, 1973).Google Scholar
  3. 4.
    This chapter is based on a paper first presented in Wilhelm Henrichsmeyer et al., Trade Negotiations and World Food Problems (London: Trade Policy Research Centre, 1974).Google Scholar
  4. 6.
    In this respect, see Fred Waugh, ‘Reserve Stocks of Farm Products’, in Presidential Commission on Food and Fiber, Food and Fiber for the Future, Technical Papers, Vol. V (Washington: US Government Printing Office, 1967);Google Scholar
  5. Edward Fried et al., Toward the Integration of World Agriculture: a Tripartite Report by Fourteen Experts from North America, the European Community and Japan (Washington: Brookings Institution, 1973);Google Scholar
  6. J. S. Hillman et al., The Impact of an International Food Bank, a Report for the Senate Committee on Agriculture (Washington: United States Congress, 1974).Google Scholar
  7. 7.
    Issues before the Tokyo Round of GATT negotiations are discussed in European and American Interests in the Multilateral Negotiations on Agricultural Trade Staff Paper No. 2 (London: Trade Policy Research Centre, 1973).Google Scholar

Copyright information

© Trade Policy Research Center 1976

Authors and Affiliations

  • T. E. Josling

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