• Short Summary

    THE UNITED NATIONS SUGAR CONFERENCE RESUMED ITS DISCUSSIONS IN GENEVA, SWITZERLAND, TODAY (MONDAY) APPARENTLY DETERMINED TO REACH AGREEMENT ON WORLD SUGAR PRICES DESPITE THE ABSENCE OF THE UNITED STATES.

  • Description

    THE UNITED NATIONS SUGAR CONFERENCE RESUMED ITS DISCUSSIONS IN GENEVA, SWITZERLAND, TODAY (MONDAY) APPARENTLY DETERMINED TO REACH AGREEMENT ON WORLD SUGAR PRICES DESPITE THE ABSENCE OF THE UNITED STATES. THE AMERICANS HAVE WITHDRAWN FROM THE CONFERENCE BECAUSE, IT IS THOUGHT, THEY DID NOT WANT TO BE PARTY TO AN AGREEMENT WHICH WOULD AID CUBA BEFORE THE NOVEMBER PRESIDENTIAL ELECTIONS.

    SEVENTY-ONE COUNTRIES ARE REPRESENTED AT THE CONFERENCE, INCLUDING THOSE FROM EUROPE, ASIA, AFRICA, SOUTH AMERICA AND AUSTRALASIA. WITH WORLD SUGAR PRICES AROUND GBP18-STERLING A TON, ALL THE MAJOR PRODUCERS ARE KEEN FOR AN AGREEMENT TO RAISE PRICES AND CONTROL THE FLOW OF SUGAR ON THE WORLD MARKET.

    THERE WERE INDICATIONS AT TODAY'S SESSION THAT DELEGATES WERE TAKING A LESS RIGID STAND ON SOME OF THE MAJOR PROBLEMS FACING THE CONFERENCE, INCLUDING THE RE-EXPORTS OF CUBAN SUGAR ON TO THE FREE MARKET BY COMMUNIST COUNTRIES AND THE PROBLEM OF THE QUOTA TO BE GIVEN TO THE EUROPEAN COMMON MARKET.

    IT WAS PROPOSED AT THE SESSION THAT THE SO CALLED HARDSHIP FUND FOR DEVELOPING COUNTRIES SHOULD BE TREBLED FROM 25-THOUSAND TONS TO 75-THOUSAND TONS ANNUALLY. THE AIM OF THE FUND IS TO HELP SMALL EXPORTERS MAINTAIN THEIR QUOTAS IF PROPOSED QUOTA CUTS WERE TO CAUSE THEM HARDSHIP.

    THE CONFERENCE IS EXPECTED TO LAST UNTIL OCTOBER 18.

  • Tags

  • Data

    Film ID:
    VLVA7L51YBDO4F11LL3EVR6V6IJZ4
    Media URN:
    VLVA7L51YBDO4F11LL3EVR6V6IJZ4
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    23/09/1968
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:59:00
    Time in/Out:
    /
    Canister:
    N/A

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