Soybean trade disputes between Chinese buyers and foreign suppliers are difficult to settle in the near future

Introduction: Beijing Derun forest, Sept 9 news: according to foreign reports on Sept 8, the International Federation of oil, oilseed and grease (FOSFA), the international contract arbitration organization, said recently that it had not made a decision on more than 10 trade disputes involving Chinese oilseed buyers and South American exporters Stuart Logan, President of FOSFA, said that there have been no fewer than 10 cases, but it is too early to say who is in favor of FOSFA A decision is unlikely to be made for at least the next two months This week it was rumoured in the US futures market that the London based FOSFA had ruled in favour of several shippers, some of whom complained about Chinese soybean buyers' refusal to pay Not all cases are payment disputes, some related to soybean quality, FOSFA said Earlier this year, Chinese soybean buyers raised the issue of quality of foreign soybeans with arbitration institutions In addition, at present, all parties concerned are also trying to find their own solutions Mr Logan said that at present, the case has just begun to be dealt with Some companies want to negotiate in private rather than through formal trade arbitration, which is only a last resort.