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Show IVorld mardoi forgotten? Many people are trying to manipulate beef and other retail foodprices these days. But consumer advocates and politicians who would like to control food supplies and prices by government edict forget the importance of the world market in such matters, a leadingUtah Farmer Far-mer pointed out. Beef imports are a case in point, he added. "When the U.S. beef import im-port quota was established recently, consumers in our main source nation for fresh beef - Australia - protested protest-ed loud and long about increasing in-creasing their exports," explained ex-plained Frank O. Nishiguchi, a Garland farmer and president presi-dent of the 15,000 member family Utah Farm Bureau. "Beef prices have reached a record high in Australia. Consumer protest groups there have demanded that their beef exports to the U.S. be halted. Beef prices there have jumped ten times what they were a year ago? . "In the case of the badly conceived 'cheaper crude or no more food' campaign, the supply - demand picture is just the opposite. There's plenty of wheat on the world market. People who want to form a wheat cartel to force crude oil prices down don't realize that we would either have to sit on all this wheat and bankrupt our wheat growers or sell to other nations who would be glad to deal with OPEC." |