Israel will receive about $27,500,000 in agricultural commodities under the Food for Peace program as the result of an agreement signed this weekend by Lucius D. Battle, assistant Secretary of State for Near Eastern and South Asian Affairs, and Ephraim Evron, Minister of the Israeli Embassy here.
The commodities will help Israel conserve some of her foreign reserves for other imports needed for capital development programs. The first such transaction since the beginning of the Arab-Israel war on June 5, it offers favorable credit terms to Israel and will be repayable only partly in dollars and the rest in Israeli pounds. Items included in the sale are primarily feed grains.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
