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The State of Food and Agriculture 1956

image of The State of Food and Agriculture 1956

This edition continues the annual publication by FAO of world agricultural statistics, with a complete listing of data for 1954, the latest revisions of data for prewar and 1953, and, for the first time, data for the postwar average 1948-52. Coverage and quality of the statistics presented have been notably improved in this latest issue of the Yearbook. In addition, there are these new features that contribute to its usefulness: (1) A new section on Wages and freight rates, with a freight rate table presenting both historical series of maritime rates for selected commodities and leading freight rates, and country index numbers of freight rates; (2) A new table for Miscellaneous feedstuffs included in the section on Prices, along with a re-examination and necessary corrections of all price series; (3) Replanning of Food Supply tables, so as to show long-term trends in food consumption by the inclusion of averages for a prewar period, an early postwar period, and a recent postwar period, as well as individual figures for the latest years available; (4) New tables on Tomatoes and pineapples in the Crops section; and (5) Addition of new series to many of the tables in the section on Prices, with notes to price tables rewritten for inclusion of useful information on the sources of the statistical series and the methods by which annual averages have been calculated.

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Some factors influencing the growth of international trade in agricultural products

Since the end of World War II the purchasing power on international markets of agricultural products as a Inhale for manufactured goods has averaged some 50 percent more than in 1934-38. Correspondingly, the purchasing power of manufactured goods as a whole for agricultural products has fallen by about one third. These changes in price relationships, .usually referred to as the "terms of trade," have greatly influenced postwar economic developments. On the one hand they have added to the balance-of-payments difficulties of the agricultural importing countries of Western Europe. On the other, they have eased the problems of some primary exporters in paying for imports of manufactured goods, .including capital goods. at a time when these were badly needed fòr economic development.

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