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The United States recognizes the desire of India to accumulate, as quickly as possible, a substantial part of the one million ton reserve stock of rice provided for in this Agreement to assist in stabilizing the internal markets for this commodity in India.
Under this Agreement the first annual review of rice availabilities will be made in August 1960.
At that time consideration will be given to whether in the light of the United States supplies of rice available for Title 1, disposal, India's production, consumption and stocks of food grains, other imports from the United States and countries friendly to the United States, India's storage capacity, and other related factors, any increase would be possible in the portion of the total rice programmed which is currently planned for procurement during the first year.
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