date:May 09, 2014
blem is delaying several ships and involves several large trading houses. No reason has been given and there are no visible problems with the commodities.
Egypt's cash-strapped government spends around a quarter of its budget on food and fuel subsidies. The food subsidies cover sugar, rice and vegetable oils, as well as wheat.
We are continuing to confirm letters of credit selectively, said Karel Valken, global head of trade and commodity finance at Dutch bank Rabobank.
We have never experien