KUALA LUMPUR, Aug 18 (Reuters) - Indian palm oil importers have asked Malaysian and Indonesian producers to defer up to 100,000 tonnes of crude palm oil meant for August delivery to September and October, Indian traders said on Monday.
"Refiners will suffer significant cash-flow problems if they take delivery of the crude palm oil shipments at higher prices agreed earlier, especially when current market rates are so much lower," a leading trader from Mumbai told Reuters by telephone. Another Mumbai trader said deferring shipments of palm oil will give Indian refiners more breathing space as prices of the vegetable oil are widely expected to recover in the next few months.
