FEATURE: IGC CELEBRATES 60 YEARS
Important dates in IGC history
1933 - First International Wheat
Agreement - Wheat Advisory Committee set up
1942 - Wheat Advisory Committee
becomes the International
Wheat Council
1949 - New International Wheat
Agreement; seat of IWC established in London
1967 - International Grains Agreement - Food Trade Convention established
1971 - Wheat Trade Convention -
market management role
abandoned
1978 - UNCTAD Conference convened in Geneva to negotiate
grain reserve scheme (subsequently adjourned)
1986 - Wheat Trade Convention -
information and discussion
role of IWC developed further
1995 - Grains Trade Convention -
IWC renamed International
Grains Council in recognition
of its wider role, including
coarse grains
2008 - Council decides to add rice
in the GTC definition of grain
and to include oilseeds in its
information services
Council may also be convened to review such situations."
The 1971 agreement left out the idea
of regulating international prices. "In
contrast to previous wheat agreements,
the 1971 Convention does not contain
price provisions and purchase and supply obligations, principally because
the exporting countries were unable to
agree on the reference wheat or wheats
to be used for setting minimum and
maximum prices," Nixon said.
At the time, he was still expecting the
rules to come back. "Major changes in
the Canadian grading system made uncertain the trading relationships among
the several top quality wheats that were
being considered as reference wheats,"
he said. "The negotiating conference
decided that progress on establishing
minimum and maximum prices and the
related supply and purchase provisions
must await the establishment and the
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38
May 2009 / World Grain / www.World-Grain.com
http://www.World-Grain.com