Singapore firms stop Indonesia palm oil exports to Iran

9 February 2012, 3:00 am

KUALA LUMPUR (Reuters) - Singaporean firms have stopped supplying Iran with Indonesian palm oil on concerns over the country's ability to make payments in the wake of Western sanctions, trading sources in Singapore said on Thursday. Palm oil traders in Southeast Asia, which supplies 90 percent of the vegetable oil globally, stopped taking Iranian letters of credit late last year ahead of fresh U ...... Read More »

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