Charlie and Lee;
Here is another issue for you to ask the CWB about in your meeting later this month.
Here is the US Wheat Associates Trade Distortion Charge against the CWB/AWB and China from their Sept 6/07 Wheat letter (www.uswheat.org):
"1. The Wheat Buyer’s Best Friend
Amid the unsettling news about the global wheat supply, there remains some comforting news: the U.S. wheat industry’s hallmark open market system is the buyer's best friend. In this dynamic wheat trade market, the U.S. remains the only truly reliable milling wheat supplier in the world.
In the genuinely open market we have in the U.S. today there is always wheat available at some price, both to domestic and international buyers. Supplies can be plentiful or tight, but the system finds a price that rationalizes the supply/demand balance. As the current tight supply situation leads other exporters to pull back from the market, the world's wheat buyers can take comfort in the fact that in the U.S., the store is always open to them.
U.S. wheat supplies will not be withheld from the world market. The domestic reaction to the 1980 grain embargo against the Soviet Union was “never again” and a federal law was passed ensuring that any sales embargo by the U.S. cannot single out agriculture. Additionally, export taxes are unconstitutional in the U.S.
Export taxes or other restrictions are now in place in several wheat exporting countries and are being contemplated in others. Australia, Canada and China practice discriminatory monopoly price and export controls. Together, these restrictions distort trade and currently are helping to artificially drive up global wheat prices unnecessarily to the detriment of all importers and consumers. These policies work against the interests of millers and force the rest of the market to restore the supply/demand balance and absorb the price shock. To do that, U.S. wheat is staying open for business around the clock."
Is this true?
Here is another issue for you to ask the CWB about in your meeting later this month.
Here is the US Wheat Associates Trade Distortion Charge against the CWB/AWB and China from their Sept 6/07 Wheat letter (www.uswheat.org):
"1. The Wheat Buyer’s Best Friend
Amid the unsettling news about the global wheat supply, there remains some comforting news: the U.S. wheat industry’s hallmark open market system is the buyer's best friend. In this dynamic wheat trade market, the U.S. remains the only truly reliable milling wheat supplier in the world.
In the genuinely open market we have in the U.S. today there is always wheat available at some price, both to domestic and international buyers. Supplies can be plentiful or tight, but the system finds a price that rationalizes the supply/demand balance. As the current tight supply situation leads other exporters to pull back from the market, the world's wheat buyers can take comfort in the fact that in the U.S., the store is always open to them.
U.S. wheat supplies will not be withheld from the world market. The domestic reaction to the 1980 grain embargo against the Soviet Union was “never again” and a federal law was passed ensuring that any sales embargo by the U.S. cannot single out agriculture. Additionally, export taxes are unconstitutional in the U.S.
Export taxes or other restrictions are now in place in several wheat exporting countries and are being contemplated in others. Australia, Canada and China practice discriminatory monopoly price and export controls. Together, these restrictions distort trade and currently are helping to artificially drive up global wheat prices unnecessarily to the detriment of all importers and consumers. These policies work against the interests of millers and force the rest of the market to restore the supply/demand balance and absorb the price shock. To do that, U.S. wheat is staying open for business around the clock."
Is this true?
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