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World Food Situation--Trends and Prospects

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  • Foreign Demand and Competition Division, Economic Research Service

Abstract

Excerpts from the report: Developments of the past 2 years have had major impacts on world supplies and prices of food. A combination of poor weather in several major producing areas, the unprecedented turning of the Soviet Union to world markets to meet its shortfalls, the freeing and rapid fluctuations of exchange rates, and the effects of the energy crisis have driven food prices to new heights. These developments have again raised many questions concerning the world's ability to produce and distribute enough food at reasonable prices to meet the increasing demands of growing populations and rising affluence. This paper is based largely on materials included in the World Agricultural Situation, Economic Research Service, U.S. Department of Agriculture, December 1973, supplemented by additional tables and charts.

Suggested Citation

  • Foreign Demand and Competition Division, Economic Research Service, 1974. "World Food Situation--Trends and Prospects," Miscellaneous Publications 329971, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:329971
    DOI: 10.22004/ag.econ.329971
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