IMPACT OF FURTHER RISES IN GRAIN PRICES ON LATIN AMERICA

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001900030139-2
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 11
• Document Creation Date: December 19, 2016
• Document Release Date: August 18, 2005
• Sequence Number: 139
• Publication Date: October 17, 1974
• Content Type: MF

25X1
Approved For Release 2005/12/14 :CIA-RDP85T00875R001900030139-2
 Approved For Release 2005/12/14: CIA-RDP85T00875R001900030139-2
11 October 1974
SUBJECT : Impact of Further Rises in
Grain Prices on Latin America
Attached is the assessment you requested. It is
based on the highest possible prices for wheat ($7/bushel)
and corn ($5.50/bushe:.), as you recruested. In reality,
prices probably would not exceed $6 and $5, respectively.
More importantly, the volume of trade likely at such
prices would be small since substantial quantities of
grain have already been contracted for at prevailing
prices and many buyers would leave the market. As a
result, international prices of $7/bushel for wheat and
$5.50/bushel for corn would probably affect less than
10% of total Latin American imports of these commodities
in FY1975.
Attachment:
as stated.
Distribution: (S-6536)
0. & 1 - Addressee
t - n/nFR
(17 Oct 74)
CONFIDENTIAL
MICRO
ONLY
 Approved For Release 2005/12/14: CIA-RDP85T00875R001900030139-2
/ ft'/ C / S - a X