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Massive soyabean defaults loom as China buyers play hard-ball
date:Apr 22, 2014
Chinese buyers may default on a further 1.2 million tonnes of soyabeans worth about $900 million being shipped from the United States and South America, to avoid incurring huge losses in a depressed local market, the country's top soya buyer said. The hard-line approach taken by Chinese buyers raises the possibility that more cargoes could be dumped into the market, after buyers walked away from at least 500,000 tonnes of shipments in recent weeks.

Trading firms mostly clustered in China's Sha

12/22 02:12