The Hemisphere: Wheat & Butter

Off and on for the past year, Canadian politicians have protested loudly about U.S. wheat exports, angrily claiming that U.S. "giveaways" and bargain-price wheat deals were ruining Canada's foreign markets. Last week Canadians found themselves on the receiving end of a similar blast. New Zealand filed an official protest in Ottawa against the dumping of low-priced Canadian butter in Europe, where it is underselling New Zealand butter by 10¢ a Ib.

Canada has made two butter deals in the past few months to export some 9,000,000 Ibs. to Czechoslovakia and East Germany. These were not exactly giveaways, but it was no secret...

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