date:May 12, 2014
s, other suppliers required about 10 million yuan per cargo.
A Marubeni spokeswoman said the firm was unable to comment on the details of individual business transactions and payment terms would depend on the creditworthiness of each client.
Among suppliers, Marubeni offered the lowest deposit payment, said Gao Yanbin, an investment manager at Shanghai Shenkai Investment Co. Ltd, which trades agricultural products.
Gao said Chinese buyers seeking to get out of deal with Marubeni saw losing a