COMMODITIES: Fats, Oils & Franco

The State Department last week was trying desperately to mix fats & oils with high politics, and having a greasy time of it.

U.S. exporters launched a gusty blast at Government controls which banned the shipment of U.S. fats & oils to Mediterranean importers. They were angry because fats & oil needs in the Middle East are being supplied by British exporters exclusively. Joint Anglo-American economic strategy and shipping shortages dictated this allocation, but the exporters still feared a sellout to shrewd British traders.

Then the State Department caught a hook to the head...

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