The Union food ministry will resolve the issue of demurrage, plaguing the international trading companies exporting wheat to India, next week. | |
| "The issue of demurrage payment to the affected exporting parties, where the delay happened from our side, would be resolved after scrutinising the claims. |
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| "The State Trading Corporation (STC), the agency that imported wheat, brought the issue to our notice only recently and we will resolve it in a meeting next week", said the union food secretary T Nanda Kumar. |
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| "The collective demurrage charges incurred by the exporting parties amount to about Rs 70 crore", said an executive of an international company that sold wheat to India last year. |
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| International companies such as Concordia, Glencore, Cargill and AWB among others sold 5.5 million tonnes wheat to India. |
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| As the sowing season was in full swing, the unloading of fertiliser shipments was given priority over the wheat shipments. Moreover, the ports were clogged. |
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| This resulted in a delay and the companies, whose shipments were thus affected, had to incur demurrage charges. |
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