Show IKS US u grain graine e exports ports on ori f increase Increase The United States Stales is expected to export about 34 million tons of wheat In the current marketing year roughly 45 pcr percent ent r of f world wheat trade according to Assistant Secretary of Agriculture Richard E E. E Bell At a recent grain elevator business conference conference con con- ference Terence in Oklahoma Bell said that in 72 1971 the U. U S. S exported million m tons of wheat about 30 percent of world trade He lie pointed out that U U. S S. S wheat producers accounted for over 90 percent of grain in world exports over the four year four year period World trade increased by 18 million tons and the United States accounted for 16 8 million tons of that increase IN 72 1971 the U. U S. S exported million tons of coarse grains about 35 percent of world trade We estimate that the United States will export some 43 million tons in 76 1975 more than double the level of four years ago and about 55 percent of world trade in these grains It is significant that in only four years the worlds world's grain trade expanded by some 38 million metric tons but it is even more remarkable that the United States accounted for the entire amount the assistant secretary said AN IMPORTANT development development development develop develop- ment in recent days has been the announcement of a long long- term grain agreement between the USSR a and nd the United States States Under the agreement th the Soviet Union is committed to purchase a minimum of six million metric tons of wheat and corn annually for a five five- year period with an additional two million tons each year without government con con- These quantities could be reduced however if the total estimated U U. U S S. S grain supply is less less' than million metric tons Bell said The US U.S. U. U S S. S wheat and feed grains supply for the current crop year is forecast at million metric tons If the Soviet Union wishes to purchase U. U S. S wheat or corn in excess of eight million tons in any any one crop year there must be consultations with the U U. S Government AL ALTHOUGH the United States ranks behind the Soviet Union and Western Europe in wh wheat at production it is the United States that has responded most effectively in meeting the growth in world demand Bell stated This year the U U. U S S. S is accounting for more more than 16 percent of world wheat production compared with 12 percent at the beginning of the decade American grain growers have hive responded to the growth in world demand because we have an incentive system When prices increase producers are motivated to expand production to meet the demand |