Defaults
Not renowned for standing by the letter of the contract Chinese, Indian and Pakistani buyers are said to be defaulting left, right and centre on Palm Oil contracts after prices have slumped to 15-month lows.
It makes you wonder who might be hit by similar tactics over here doesn't it?
Even somebody that is 100% back-to-back on everything is exposed to risk on this market if the buyers start walking away.
It makes you wonder who might be hit by similar tactics over here doesn't it?
Even somebody that is 100% back-to-back on everything is exposed to risk on this market if the buyers start walking away.