At the convention, the proposed 1999 resolutions will be presented to the membership for final adoption. MAWG will cover the cost of your December 7 th hotel accommodations at the Doublewood Inn. The MAWG has two positions up for election this fall. At-Large will expire this fall. However, figures were changed for several countries, including significant increases for the EC, China and the United States, and declines for Russia, Ukraine and Turkey.
Sales appear to have picked up as several importers took advantage of current low prices.
Increased food aid needs, especially in Asia, have also contributed to some upward adjustments in import estimates. World trade is still forecast at 94 million tons. Estimated world consumption remains at 602 million tons. The forecast for world stocks is 1 million higher at 123 million tons. Stocks of the five major exporters are put at 52 million tons, the highest since 1993.