A Search for Rules for International Wheat Surplus Disposal

Before a cooperative plan can be formulated for utilizing the wheat surpluses in underdeveloped countries, there are three points on which the exporting nations will have to agree. They are: (1) uniform terms (rates of interest and repayment, and etc.) for concessional sales; (2) the level of commercial wheat imports, if any, that the underdeveloped countries should be required to maintain; and (3) a basis for determining the quantity of wheat each exporting nation should supply on concessional terms. The general purpose of this study was to attempt to establish a basic rule for determining the level of commercial wheat imports, if any, that the underdeveloped countries should be required to maintain in addition to concessional purchases and to offer a rule and some procedures that the exporting countries might follow in supplying wheat on concessional terms