Palm Oil Buyers Defaulting
Reports are circulating that buyers have defaulted on up to a million tonnes of palm oil purchases after prices have fallen around $400/tonne recently.
Chinese, Indian & Pakistani customers are said to be the main culprits, and some of the consignments are said to have actually been shipped and are on the high seas now looking for a destination an informant said.
Chinese, Indian & Pakistani customers are said to be the main culprits, and some of the consignments are said to have actually been shipped and are on the high seas now looking for a destination an informant said.
