41. The Agriculture Department has temporarily suspended export subsidies for wheat for the first time in six years, a top export official said. 42. The report is expected to blame export subsidies used by both countries for distorting wheat prices. 43. The Senate today rejected administration pleas and approved less than a third of what President Bill Clinton requested for grain export subsidies. 44. The United States wants an end to all export subsidies for farm products. 45. They argue that under GATT European competitors will use every export subsidy allowed to gain an edge over the U.S. in international markets. 46. U.S. dairy groups are asking the government to try to force Canada to end dairy export subsidies, saying the practice puts U.S. milk producers at a disadvantage. 47. Under forecasts for world supply and demand, export subsidies will continue to be minimal -- if not nonexistent -- for the immediate future, possibly for years. 48. Wheat prices rebounded from an early drop to settle little changed after the European Union renewed a ban on export subsidies because of low supplies. 49. Wheat futures rose after the European Union raised its wheat export subsidies less than expected. 50. Agriculture is one of the most closely protected sectors in rich countries and developing nations would greatly benefit from a ban on export subsidies. |