The Malaysian company, which was not named, has written to state-owned Indian trading firms like MMTC Ltd
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Wednesday, September 24, 2008
Breaking News-RTRS-Indian palm oil importers face Malaysian ire-paper
NEW DELHI, Sept 23 (Reuters) - Indian traders who reneged on contracts to buy Malaysian palm oil after prices fell are sourcing the cooking medium indirectly from state trading agencies, evoking protests from a Malaysian firm, the Hindu Business Line newspaper reported on Tuesday.
The Malaysian company, which was not named, has written to state-owned Indian trading firms like MMTC Ltd, State Trading Corp of India and PEC Ltd saying they should not allow defaulters to buy imported oils, the daily said.
The Malaysian company, which was not named, has written to state-owned Indian trading firms like MMTC Ltd