Selling for world market price.

Gordon
"Torsten Brinch" wrote in message
...
On Wed, 18 Jun 2003 14:53:38 -0500, "Gordon Couger"
wrote:

The dumping problem comes up every time prices get low with
all countries.

New Report Documents Dumping, Argues U.S. in Violation of Trade Rules

Five primary farm commodities are being dumped onto international
global markets by the United States in violation of World Trade
Organization (WTO) agriculture rules, according to a new report
by the Institute for Agriculture and Trade Policy.

The report, U.S. Dumping on World Agricultural Markets: Can Trade
Rules Help Farmers? looks at the cost of production of corn, soybeans,
cotton, wheat and rice, and compares the cost to the price at which
these commodities are sold on international markets. In all cases,
the commodities were sold below the cost of production a practice
known as export dumping.

..

Question: Is the U.S. dumping agriculture commodities onto the world
market?

Answer: Yes. This report analyzed costs for five U.S. grown
commodities using data from the U.S. Department of Agriculture (USDA)
and the Organization for Economic Cooperation and Development (OECD)
to compare the cost of production with farmgate and export price. In
2001, wheat was dumped at a level of 44 percent, soybeans at 29
percent, corn at 33 percent, cotton at 57 percent, and rice at 22
percent. The details, including cost of production and export prices,
for each commodity can be found beginning on page 20 of the report.

Full report at: (long URL, you may need to paste):
http://www.wtowatch.org/wtowatch/lib...uploadedfiles/
showfile.cfm?FileName=United_States_Dumping_on_Wor ld_Agricultural_Ma.pdf