P. M. BRIEFING : Soviets Make Record Grain Buy
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WASHINGTON — The Soviet Union, three days after President Bush offered cut-rate prices on wheat, bought 300,000 metric tons of subsidized wheat and 200,000 tons of corn today--deals that broke the record for U.S. exports to the Kremlin.
With the sale, the Soviet Union has bought 19.3 million tons of American-grown corn and wheat since the trading year opened Oct. 1. The old record was 18.63 million tons set in 1984-85, a year when the Soviet Union imported massive amounts of foreign grain.
Bush’s decision Tuesday to offer the subsidy ended a debate within the Administration whether to sell wheat at a discount. A Cabinet council had not been able to settle the issue, leaving it to Bush to decide.
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