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Agriculture / 1979 Food Price Predictions / China, PR Market #496619

NBC Evening News for Tuesday, Nov 14, 1978
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(Studio) Government report that food prices will continue to rise in 1979 noted; food price increases in 1978 reported Agriculture Department estimate of possible increase in 1979 stated.
REPORTER: John Chancellor

(DC) Agriculture Department predictions reported made at annual conference Reasons behind food price increases listed. Price increases from 1973-78 noted; graph shown. Exs. given. Agriculture Department predictions for 1978 increases said inaccurate. Department's admission that 1979 predictions could be on low side stated; factors affecting this reported to include possible oil price hike, Teamsters pay hike, and bad weather.
REPORTER: Irving R. Levine

(Studio) Agriculture Secretary Bob Bergland's reports on potential agriculture sales in grain, cotton and machinery to China (PR) noted; his recent trip to China mentioned.
REPORTER: David Brinkley

Brinkley, David;
Chancellor, John;
Levine, Irving R.

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