Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Wheat sale terms disclosed



Download PDFDownload PDF

P R E S S

UNISTER FOR

S TA 1 E M E N T PRIMARY INDUSTRY

rot

'HEAT SALE TERMS DISCLOSED

Details of credit terms for recent wheat sales to the

United Arab Republic were disclosed in the House of Representatives this morning by the Minister for Primary Industry, Mr. Anthony.

He said sales totalling 750,000 metric tons were, ;e-g'o_t. aced

this year, and subsequently an agreement had been reached between the Wheat Board and the U.A.P. for the sale of an additional one million tons a year over the next three years.

Mr. Anthony said the terms applying to the 750,000 tons sold were 10% at the time of shipment and the balance in three equal yearly instalments.

Mr. Anthony said later that the three-year agreement with the U.A.R. provided for annual negotiation of prices and terms.

There was no prior commitment as to credit or other matters.

Mr. Anthony was replying to a question by Mr. J.A. England,

(C.P, , iY . S. w.

CANBERRA,

28th August, 1970.