St. Lucia Contracts
For GTE Earth StationCASTRIES, St. Lucia - GTE Corp. of Stamford, Conn., has been awarded a $3.7 million contract to erect a fully digital Earth station in St. Lucia, according to the St. Lucia National Development Corp.
The contract was awarded by Cable & Wireless (West Indies) Ltd. A 50-foot dish antenna will provide the Caribbean island nation with its own direct links to the international satellite system, Intelsat. St. Lucia is the first location where Cable & Wireless will have such a system.
The introduction of this facility will enhance St. Lucia's attractiveness as an offshore data entry and data processing location.
Construction of the station began this month and should be completed by next April.
Economist to Address
C. Michael Aho, senior fellow and chief economist with the Council on Foreign Relations, will be the opening speaker at Export Expo in Atlantic City, N.J., on Oct. 21.
Export Expo is an international trade show sponsored by the New Jersey District Export Council in conjunction with the Trenton District Office of the U.S. and Foreign Commercial Service.
Mr. Aho will deliver a speech on the conference theme of "Evolution/ Revolut ion - Trade in a Changing World." He will offer predictions and insights into the volatile nature of today's international trade.
Export Expo is one of the largest conference and trade shows solely dedicated to the promotion of world trade. It features over 150 import/export exhibitors and annually attracts thousands of business executives from around the world.
Global Oilseed Output
Expected to Rise 2 percent
WASHINGTON - The Agriculture Department occasionally reminds soybean farmers that they aren't the only ones producing oilseeds in the world.
Overall, global oilseed production in 1987-88 may reach 201.6 million metric tons, up 4.9 million tons or about 2 percent from last season, according to a preliminary report by the department's Economic Research Service.
"Soybean production is forecast to decline marginally, while production of most other major oilseeds will increase," the report said. "Total oilseed production in the United States is forecast to decline by 2.3 million tons, while foreign oilseed production will increase."
Frozen Beef Slated
For Venezuelan Mart
WASHINGTON - The U.S. Department of Agriculture has purchased 3.2 million pounds of frozen beef carcasses for export to Venezuela at a delivered cost to U.S. ports of about $3.34 million.
The USDA accepted offers from 11 of 20 bidders who offered a total 6.32 million pounds of steer and heifer carcasses. Prices paid ranged from $1.01 to $1.0625 a pound delivered.
The department purchased 10.44 million pounds of frozen beef carcasses at a delivered cost of about $10.813 since this program was announced on June 17.
Thailand Sees Decline
In Second Rice Crop
BANGKOK, Thailand - Thailand's second rice crop this year will decline 20.36 percent from a year earlier, the Office of Agricultural Economics said, according to the Bangkok Post. Production was forecast at 1.86 million metric tons, down 480,000 from a year earlier.
The figure was based on data taken from February to April in 38 provinces where the second crop is grown.
Zaire to Buy Wheat
Under US Bonus Plan
WASHINGTON - The U.S. Department of Agriculture has targeted Zaire for 80,000 metric tons of U.S. wheat under the export bonus program, the USDA said.
Zaire has already bought 120,000 metric tons of U.S. wheat under the program.
Under the export bonus program, the USDA reimburses an exporter for the difference between the price he sells at and the U.S. price. The sales will be subsidized in the form of generic certificates redeemable for surplus U.S. Commodity Credit Corp. stocks.