The paper examines the issues involved in reaching a workable international agreement on reserve stocks for wheat. The paper is divided into two parts. In the first part, there is an examination of past efforts to achieve greater food security through international wheat agreements and food aid...

The relative decline in wheat consumption in the developed countries is reducing the potential stabilizing effect on the world market of freer trade in these countries. Furthermore, the growing role of centrally planned countries as importers is increasing the potential instability in world...