1945

During the greater part of 1956, world market conditions for Latin America’s exports of primary commodities were relatively normal. This general statement does not of course imply disregard of the special situations arising in given countries for particular commodities with respect to price levels or the volume of exportable surpluses. It is significant that, despite such individual divergences, the Latin American countries were able in the course of the year to place an increasing volume of their exportable production on the world market, that none of them registered an accumulation of surpluses although in some cases it became necessary to cut prices. Furthermore, one country at least—Cuba—expanded its sugar exports sufficiently for carry-overs from previous years to be considerably reduced.

Related Subject(s): Economic and Social Development
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