Wednesday, July 1, 2009

Breaking News-RTRS-India seeks palm oil import delays-Oil World

HAMBURG, June 30 (Reuters) - Some Indian importers are seeking to postpone palm oil shipments from June to July as large domestic vegetable oil stocks are pressuring prices, Hamburg-based oilseeds analysts Oil World said on Tuesday.
"This has raised some concern among exporters of palm oil about possible defaults," Oil World said. "Indian importers fear they will suffer losses because they have purchased large volumes significantly above current market prices."