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US-USSR Grain Deal #220861

CBS Evening News for Monday, Nov 27, 1972
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(Studio) Shipping of wheat sold recently to USSR held up because of dispute over shipping costs. Today grain finally loaded.
REPORTER: Walter Cronkite

(Houston, Texas) United States and USSR were in disagreement over shipping costs of 1/3 of 17 million ton shipment. United States wanted $10/ton; USSR wanted to pay $7.50/ton. United States getting $1/2 million for shipping 54,000 tons Oklahoma wheat. US will pay $8000/day in subsidies to American shippers while they load and deliver grain. This makes up difference in United States and world shipping rates. [Ship captain James KOSTUROS - says glad United States ships participating.] Loading on ship, National Defender, will take 3-5 days. REPORTER: Bruce Halford

Reporter(s):
Cronkite, Walter
Duration:
00:01:40

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