Food import demand of eight OPEC countries
1983
Coyle, James R.
Extract: The United States is making a poor showing, compared to other exporters, in the food and agricultural markets of the North African and Middle East members of the Organization of Petroleum Exporting Countries (OPEC). The U.S. share of world exports to these eight countries dropped from more than 22 percent in 1974 to less than 6 percent in 1982. Demand for food has grown rapidly in these countries, as a result both of population growth and of rapidly increased incomes due to their oil production revenues and the investment of the enormous wealth created by these revenues. Only about half of their total food supply comes from domestic production. Imports' share of the food supply is expected to increase significantly in the eighties.
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