Word: wheated
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...embarked upon collectivization, this time calling the units "cooperatives." Today 93% of North Vietnamese peasants are enrolled in them. Productivity has not been helped. Last year North Viet Nam was forced to import 750,000 tons of wheat from Russia to make up for rice shortages...
...Rostov was one of the richest trading towns of medieval Russia, exchanging its honey, furs, wheat and beeswax for Scandinavian amber, Arab coins and Volga pottery. Today, it is a favorite stop for Sputnik International Youth Groups, who stay in the famed Red Chamber that once housed visiting czars, including Peter the Great. Its sprawling kremlin is, next to Moscow's own, the most spectacular in Russia. Forty years abuilding, the Rostov Kremlin incorporates the Metropolitan's residence, churches, service buildings and princely quarters all into one grand architectural ensemble of striking dimension and originality...
Almost half of the world's population is undernourished, and there is hunger even in the affluent U.S. Still, such a global surplus of wheat has piled up this year that producing nations are locked in a price war as they fight to get rid of their oversupply. The U.S., which allowed prices to sag last winter, has now reduced its wheat export prices three times within the past two months to counter cuts by Canada, Australia and France. The major wheat exporting nations are meeting this week in London, but despite their efforts, no agreement...
...major reason for the glut is bumper crops resulting from good weather. On top of that, the major exporting nations, except the U.S., have expanded their wheat acreage. In Australia, for example, the amount of farm land devoted to wheat has doubled in the last five years. Improved technology and a new high-yield strain of dwarf wheat have greatly reduced the annual import needs of food-shy India and Pakistan. Both countries now expect to become self-sufficient in wheat production by the mid-1970s...
...Storage. The emergence of new exporting nations makes the price of wheat more sensitive than ever to the harsh pressures of supply and demand. In 1961, when the world wheat glut reached a record 1 billion bushels, the surplus consisted exclusively of U.S. and Canadian produce stored at North American facilities. Today, surpluses are also piled high in Australia, Hungary, Bulgaria, the Soviet Union and Common Market countries. Most of the new exporters lack both the storage capacity and the inclination to retain their surpluses in order to stabilize world prices. As a result, the 1968 International Grains Arrangement, which...