SHORTAGE OF COTTON SEED OIL/POOR PROSPECTS FOR COTTON CROP

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00423R001900750001-8
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: November 9, 2016
• Document Release Date: October 2, 1998
• Sequence Number: 1
• Publication Date: May 19, 1955
• Content Type: REPORT

Approved For Release 1999/09/24: CIA-RDP83-00423 R001900750001-8?
%MW _25X1A9a MW
SEE-BOTTOM OF PAGE FOR ADDITIONAL SPECIAL CONTR
r w r
This material contains information affecting the
t,V
National Defense of the United States within the
meaning of the Espionage Laws, Title 18. U. S. C.
_
PREPARED AND DISSEMINATED BY
Secs. 793 and 794, the transmission or revelation
of which in any manner to an unauthorized per-
CENTRAL INTELLIGENCE AGENCY
son is prohibited by law.
COUNTRY w 5; '
Argentina tiF
ORT NO.
00-
SUBJECT
DATE DISTRIBUTED
Shortage of
Cotton Seed Oil/Po
f
Prospects for Cotton Crop
NO. OF PAGES
NO. OF ENCL
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1
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SUPPLEMENT TO REPORT
PLACE Al U RRED
RESPONSIVE TO
DATE ACQUIRED (By source) DATE OF INFORMATION (Date or dates, on or between which,
events or conditions described in report existed)
30 Apr 55
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and e e 0 Apr 55
1
THI I
SOURCE
1. "In Argentina we once had a thriving cotton oil industry and produced
enough for ourselves and had left over a big surplus for export. Now we
have just had to buy 20 thousand tons of cotton seed oil from the US for
domestic consumption, and before the end of 1951, we will probably have to
buy 25/30 thousand tons more. Government intervention in agricultural
production has certainly worked havoc with us. From a domestic production
of about 220 thousand tons of edible oil, we are dowi to about 75 thousand
tons annually.
2. "Our only chance of getting a decent crop this year is a rapid improvement
in weather. For over a month we have had an excess of rain. The crop is
very late and early frosts would surely hit us hard. In any case, we will
produce considerably less cotton this year 95;7than was produced in 1954.
Meanwhile, consumption is increasing again so it seems unlikely we will have
anything for export unless the government permits the exportation of very
low grades and the import of better ones."
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