Word: exportability
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...possibility that the U.S. might want to establish a Cuban connection was particularly intriguing. Washington has long insisted that Havana's efforts to export its revolution, with the help of its Nicaraguan ally, is a prime cause of the four-year-old Salvadoran civil war. In early March, Secretary of State Alexander Haig secretly dispatched his favorite troubleshooter, General Vernon Walters, to Havana to press this point. Castro reportedly told Walters, a former deputy director of the CIA, that while Cuba supports the Salvadoran leftists, it is not currently supplying them with arms. Castro expressed his readiness to address...
...OPEC state that is already selling oil at a discount is Iran. The Tehran government's prices range from $30 to $32 per bbl., but the revolution-racked regime is having difficulty producing enough oil to export. Before the fall of the Shah in 1979, Iran was the second largest producer in OPEC after Saudi Arabia...
Japanese merchants have had a toehold on the U.S. gram trade since the 1950s, when they first set up export offices in West Coast port cities like San Francisco and Seattle to buy foodstuffs for Japan. The island nation of 116 million people is a principal grain importer and now buys some $6 billion a year from the U.S., its biggest supplier. In 1973, after a grain shortage squeezed the worldwide market for soybeans, a major Japanese grain import from the U.S., the anxious Japanese traders began moving inland to buy directly from farmers in an effort to secure...
...seven competitors by agreeing to the deal in just 48 hours. A year later Mi-tsui's archrival, Mitsubishi's Agrex Inc., boosted its own U.S. grain-trade investment by buying out Koppel Inc., the company's American partner, thereby becoming sole owner of a giant export elevator in Long Beach, Calif., along with elevators in Salina, Kans., and Enola, Neb. Other Japanese firms with U.S. grain-handling interests include Zen-Noh, a cooperative that is building an $88 million terminal outside New Orleans...
Grain companies are naturally less enthusiastic. Says Walter B. Saunders, executive vice president of Cargill: "I can't say we truly welcome more competition, but it does keep us on our toes." In reality, U.S. exporters have little to complain about. Foreign investment in the export of American-grown crops is a well-established tradition. Indeed, among four of the largest merchants of American grain, only Cargill is entirely homegrown. Of the rest, Louis Dreyfus is French-owned, Bunge Corp. has Dutch and Argentine roots, and Continental, now an American company, was originally founded in Belgium...