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CCC ACCEPTS BONUS ON BARLEY TO SAUDI ARABIA
The Commodity Credit Corporation, CCC,
has accepted bids for export bouses to cover sales of 150,000
tonnes of U.S. barley to Saudi Arabia, the U.S. Agriculture
Department said.
The CCC accepted three bonus offers from one exporter which
averaged 40.88 dlrs per tonne, it said.
The barley is for delivery August 15-November 30 in three
shiments of 50,000 tonnes each.
The bonus awards were made to Louis Dreyfus Corporation and
will be paid in the form of commodities from CCC stocks.
An additional 350,000 tonnes of U.S. barley are still
available to Saudi Arabia under the Export Enhancement Program
initiative annnounced on May 15, 1987, it said.