Background
The idea of sharing the wheat in the world in the manner that will lead to distribution of wheat from countries having surpluses to countries suffering from shortages was raised already during the economic crisis in the early 1930s. On August 21–25, 1933, a special international conference to that effect took place in London. It was attended by the representatives of Germany, Argentina, Australia, Austria, Belgium, Bulgaria, Canada, Spain, USA, France, Greece, Hungary, Ireland, Italy, Poland, Romania, UK, Sweden, Switzerland, Czechoslovakia, Yugoslavia and the Soviet Union. The Final act of the conference established a Wheat Advisory Committee, which purposes were defined in the preamble as
"to adjust the supply of wheat to effective world demand and eliminate the abnormal surpluses which have been depressing the wheat market and to bring about a rise and stabilisation of prices at a level remunerative to the farmers and fair to the consumers of breadstuffs".
Read more about this topic: International Grains Council (international Organization)
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