This article discusses the advantages and disadvantages of grain reserves and grain banks. One important argument against establishing official reserves is that they are more likely to stiffen the barriers to food trade whereas a financial grain bank might be used to reduce those barriers. A...

In common with international agricultural trade in general the grain trade has remained immune to pressure for liberalization, and equally immune to suggestions of international management in the form of reserve stock holding, price floors and ceilings, or a full scale commodity agreement. What...

With all the indications suggesting that the current imbalance between supply of and demand for grain will continue for the foreseeable future, and with a steady surplus both keeping prices down and forcing on governments measures to reduce output and stocks, attention is turning to South East...

In August the Soviet government agreed to the second one-year extension of the US-USSR grain agreement, which has regulated grain trade between the two countries since 1976. Although a net exporter of grain for the best part of this century, the USSR has become increasingly dependent on imports...

The importance of non-tariff barriers in restricting free trade has risen during recent years. Due to their selectivity non-tariff barriers may distort trade even more significantly than tariffs. Developing countries and economies in transition are often most negatively affected.