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Russian wheat deal linked to high US prices
Washington officials say Soviet purchases of U.S. grain helped lift world prices and aided Nixon in diplomacy. Butz and other officials cite American food exports as leverage, noting Russia paid about $1.48 a bushel after subsidies and devaluation, while U.S. buyers faced $2.10 costs. The arrangement, tied to a broader energy swap, remains debated, with questions about what the U.S. gained beyond unloading a surplus that turned into higher costs for American consumers.
MENTIONED IN THIS ARTICLE
Don McLeod
Associated Press
Washington
United;States
U.S
White House
Nixon
Union
China
Earl L. ‘Butz
Southeast Asia
Butz
Russia
United States
Hanoi
Agricul
Communist Party
Leonid
Far East
Brezhnev
Covmeree
Maurice Slans
Moscow
Asst
Clarence Palmby
Haiphong Harbor
North Vietnam
White
Soviet Union
Getye
Agriculture
U's
Buzz
Piies