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Losses Mount for Canadian Grain Shippers

Protests cost industry up to $7.5 million a day

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Beleaguered Canadian grain shippers, confronting millions of dollars of daily losses in the aftermath of a series of rail blockades, may face a sales logjam for at least six months, reports Bloomberg.

Exporters are still paying contract penalties and demurrage costs for ships, and the backlog of grain may take until October to clear, Wade Sobkowich, the executive director of the Western Grain Elevator Association, told Bloomberg in a telephone interview.

Delays in shipping are costing as much as $7.5 million a day.

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