ANALYSIS-Defaults crimp commodities; no option but renegotiate

Newswire

By Lewa Pardomuan and Naveen Thukral SINGAPORE, Oct 31 (Reuters) - The spectre of commodity defaults looms large in Asia as buyers walk away from deals sealed before the price plunge, and analysts fear the worst is yet to come, compounding the woes of industry hit by tighter credit. But defaults spreading from palm oil to rubber may increasingly drive suppliers to avoid business with smaller firms that have mushroomed in the past few years to take advantage of the commodities boom. ...

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