India Owes USD5 Million In Demurrage; Nogger Organises Whip-Round
Global grain trading companies have around $5 million of demurrage claims outstanding with the Indian government relating to wheat imported between August 2006 and January 2008, according to reports.
The claims relate to late discharge of vessels, during a period when Indian was importing wheat at a rapid rate to replenish government stocks.
Infrastructure problems such as inadequate storage and discharge facilities, transport difficulties and port congestion are being blamed for the claims.
India hasn't issued a wheat tender this year after last seasons bumper harvest, and a price increase to farmers, ensured that the government was able to buy adequate stocks on the local market.
OK, if you've read this far you want to know names don't you, you vultures? Glencore and Cargill are two who have been thrown into the hat. So lets organise a whip-round. Use the PayPal donate button on the right & Nogger will take care of everything else. Honest. Think of the kids at Christmas you tight-hearted buggers.
The claims relate to late discharge of vessels, during a period when Indian was importing wheat at a rapid rate to replenish government stocks.
Infrastructure problems such as inadequate storage and discharge facilities, transport difficulties and port congestion are being blamed for the claims.
India hasn't issued a wheat tender this year after last seasons bumper harvest, and a price increase to farmers, ensured that the government was able to buy adequate stocks on the local market.
OK, if you've read this far you want to know names don't you, you vultures? Glencore and Cargill are two who have been thrown into the hat. So lets organise a whip-round. Use the PayPal donate button on the right & Nogger will take care of everything else. Honest. Think of the kids at Christmas you tight-hearted buggers.
