Palm | Kelapa Sawit

NEW DELHI, Nov 3 (Reuters) - Some Indonesian palm oil suppliers have threatened to name and blacklist Indian firms which have reneged on import contracts as prices have fallen sharply, the Hindu Business Line reported on Monday.
Four major Indonesian edible oil exporters have teamed up to try to ensure contracts are honoured, the paper said, quoting an unidentified supplier from the world's biggest palm oil producer.
The paper said Indian traders who had defaulted on contracts to buy Indonesian oil after prices fell were now looking to source the edible oil through state trading agencies such as State Trading Corp of India .
The Indonesian suppliers' group wants the government-run agencies not to encourage the defaulters, the paper said.