1945

International trade in agricultural products

International trade in agricultural products during the last decade has been characterized by an abundant supply of most commodities, while for many of them demand on the major import markets has continued to grow only slowly. The volume of trade has expanded fairly rapidly, but this has been accompanied by a widespread and in some cases severe fall in prices, with only a few temporary recoveries. Thus total earnings from agricultural exports have grown considerably more slowly than the volume of shipments.

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