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"I have never heard of the seller under a prepaid commodity agreement paying the purchaser's lender for arranging the transaction," Mr. Wilson said in his affidavit.
It is also true that the perishability of a food product conditions the type of commodity agreement possible.
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In some cases international commodity agreements have reduced the significance of certain commodity markets.
The utility of commodity agreements in general can hardly be judged on past experience.
The most intractable of the difficulties in concluding commodity agreements lies in the fixing of the price range.
Although commodity agreements may contribute to this, their relatively limited success has caused other proposals to be advanced.
During and after World War II, exchange problems, commodity agreements, and other factors had more effect on trade than did preferential tariffs.
A prerequisite for the success of commodity agreements is that they should embrace the vast majority of producers and especially the largest of them.
As a result of government controls on futures markets and also of international commodity agreements, the volume of futures trading in several countries has been adversely affected.
UNCTAD discussions resulted in agreements on a Generalized System of Preferences, providing for lower tariff rates for some exports of poorer countries, and on the creation of a Common Fund to help finance buffer stocks for commodity agreements.
In 1969 the IMF also began making loans available to countries having a balance-of-payments need in relation to the financing of buffer stocks under international commodity agreements.
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CEO of Professional Science Editing for Scientists @ prosciediting.com