date:May 12, 2014
ain Trading in China, had not taken excessive risks. Marubeni's president said the firm's exposure to soybean cargoes without LCs was falling.
We have about 20 late May, early June cargoes we're aiming to sell to China that have already been loaded and now are gradually having LCs opened on them, said Kokubu.
An executive at one of Marubeni's main customers in Shandong province said as the Japanese firm sought to expand in China its local units had supplied cargoes where customers had provided