Word: trades
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Dates: during 1960-1969
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...Germans are talking about revaluing by 8% to 10% if the franc is dropped by the same amount. Any major increase in value of European money would tend to help the U.S. balance of trade-which posted a $215 million surplus in March-by increasing the price of imports. Without revaluation, it will be a long, uneasy summer in the foreign exchange markets...
...which limps from one crisis to the next. Last week Germany's Strauss called for "an agreement on better coordination of policies." That would include not only a change in French and German parities but also an expansion of world monetary reserves to meet the needs of growing trade...
Overabundance is common in the developed nations that can afford to subsidize farming. It is a costly bounty that threatens to stimulate further protectionism and provoke trade-damaging price wars behind the barricades of new border taxes, import quotas and additional grain subsidies. The cruel irony is that while almost half of the world's people are malnourished, there is sufficient food to feed them today...
...threat to trade relations between the U.S. and the Common Market is the market's mountain of surplus butter, which is now 300,000 metric tons and is expected almost to double by next spring. With storehouses filled and the world market clotted, leaders of the Common Market's agriculture section are trying to persuade consumers to switch from margarine to butter. The proposed solution, which includes a tax of at least $60 a ton on the food oils used in margarine, would slash by one-third the U.S.'s $500 million annual soybean exports...
...wheat. India and Pakistan, both traditional grain customers, have increased wheat production by 40% since 1966 and are now near self-sufficiency. The total stock in wheat-producing nations is 51 million metric tons, or almost the same amount of wheat that has been exported annually in world trade...