US faces foreign help to curb grain fraud scandals
Washington reports the United States enlists foreign and private aid to combat short weighting and sale of dirty grain. Agriculture officials cite indictments in Louisiana and India’s $214 million claims against five U.S. grain firms, plus Cook Industries’ $24 million suit over short-weighted exports. The Carter era seeks reform and a new Federal Grain Inspection Service to restore trust in U.S. trade.
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U S asks help to end grain scandal
U S probes show exporters allegedly diverted surplus grain to phantom barges to balance accounts. Indian officials say they cooperate but fear prejudicing cases. agencies distribute complaints to embassies and call for reports. India notes 40 years of buys totaling over $6 billion with recurring quality and weight issues across several countries.
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Rne
U.S
Dale Douglas
Foreign Agricultural Service
Agriculture Department
Moderate drop for stock prices
New York and Wall Street faced a moderate decline in mid-summer trading. The Dow Jones Industrial Average stood at 904.60 after a 4.65 point drop. the NYSE composite fell to 1043.64 while volume and specifics showed hesitancy amid growth slowdown speculation.
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