Palm | Kelapa Sawit

NEW DELHI, Dec 10 (Reuters) - Soymeal buyers in South Korea, Vietnam and Indonesia have reneged on deals with India after prices fell, forcing exporters to renegotiate contracts and offer cheaper rates, a leading seller said on Wednesday.
A sharp fall in prices of almost all major commodities has led to defaults with buyers finding it difficult to honour deals.
Indian vegetable oil traders have backed out of import deals, sparking protests from suppliers such as Malaysia and Indonesia, which have threatened to blacklist those who defaulted.