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...embargo will permit the Soviet Union to buy only what remains of eight million metric tons of grain the U.S. is obligated to sell them. The U.S. will withhold an additional 17 million tons promised to the Soviets...
...exports of all kinds to Iran have fallen dramatically: from $3.7 billion in 1978 to under $1 billion this year. Iran gets about 25% of its food imports from the U.S., having bought 816,000 metric tons of American wheat in the past fiscal year. In September the Khomeini government signed a contract to double wheat purchases from Australia, to 520,000 metric tons over the next six months. The price is about $20 higher than America's $185 a ton. Meat from Australia and New Zealand, eggs from Turkey and poultry from Rumania are flowing into Iran...
...will humble even mythology. The Soviets know. With tensions high over the troops in Cuba, Secretary of Agriculture Bob Bergland was not sure Moscow's grain negotiators would even show up a few days ago to review purchases. They did, and signaled that they would buy 25 million metric tons of grain, a new high. Burly, dark-haired Boris Gordeev, Deputy Minister of Foreign Trade, leaned across a table and told about the hot dry weather that had pinched Soviet production (by as much as 20%, American experts estimate). That may be the only confession of weakness we will...
There is method in Ludwig's mellowness. The Jari project is approaching the crucial second stage of development. The present pulp mill is planned eventually to turn out 750 metric tons daily, making it moderately large by world standards. If the project is to be fully successful, Ludwig needs to install another plant, which might process pulp into newsprint. Luckily, large deposits of kaolin, a white mineral used in papermaking, have been found on the Jari property...
Department of Agriculture economists contended that the Soviet sales would not lead to a repeat of the 1972 episode, when the Soviets secretly bought nearly 20 million metric tons of U.S. grain and sent domestic food prices through the roof. Under a bilateral grain treaty, the Soviets cannot buy more than 8 million metric tons unless the U.S. has extra supplies. Since stockpiles are ample and a near record harvest is in view, the department's chief economist estimated that the huge Soviet purchases would add only .2% to the cost of living index...