Blacklisted Indian Palm Oil Importers Rethink Defaults
Indian companies blacklisted by Indonesia after reneging on contracts with Indonesian CPO exporters, have begun taking delivery of the contracts at the original prices, according to reports.
Up to thirty Indian importers were blacklisted after delaying or defaulting and/or trying to renegotiate lower prices, industry sources said.
Around 100,000mt of palm oil was said to be involved after prices fell by two-thirds following the advent of the global credit crunch.
Up to thirty Indian importers were blacklisted after delaying or defaulting and/or trying to renegotiate lower prices, industry sources said.
Around 100,000mt of palm oil was said to be involved after prices fell by two-thirds following the advent of the global credit crunch.