It is clear that the United States administration is determined to make the very most of the new instruments introduced under its cereals policy (Food Security Act, Export Enhancement Program, Export Assistance Program); consequently, the outlook for world market developments is not promising, especially if it is remembered that the stocks which had built up in the world as a whole total 150 million tonnes, and that figures for the coming year will be much the same as those for last year.
Il est clair que l'Administration americaine est determinee a exploiter au maximum les nouveaux instruments instaures dans le cadre de sa politique cerealiere (Food Security Act, Export Enhancement Program, Export Assistance Program). Par consequent, les perspectives de l'evolution du marche mondial ne sont pas prometteuses, notamment si l'on tient compte du fait que les stocks accumules sur le plan mondial s'elevent a 150 millions de tonnes et que l'evalution de la campagne prochaine atteint le meme niveau que celui de l'an dernier.