The United States Department of Agriculture today signed an agreement with Israel providing $30, 200, 000 in surplus agricultural commodities. The agreement was signed by Ambassador Avraham Harman and Secretary Eara Taft Benson. The commodities included $11, 200, 000 wheat or wheat flour, approximately 6, 700, 000 bushels; $9, 900, 000 feed grains, 7, 800, 000 bushels; $4, 200, 000 cotton seed or soy bean oil, 33, 900, 000 pounds; $800, 000 cotton, 6, 000 bales; $600, 000 rice, 110, 000 baga; $200, 000 tobacco, 265, 000 pounds; $3, 300, 000 ocean transportation expenses.
Mr. Benson commended Israel as a “dynamic young country” and said Israel was one of the world’s leading participants in the surplus program, having signed agreements each year since it was initiated, totaling $161, 000, 000. He said he had a great personal interest in Israel’s successful development since he had visited the country and witnessed its efforts. Of the currency proceeds generated by the commodity sale in Israel, 86 percent will be used for development purposes.
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