Debt Refinance for Palm Oil Producers

Palm oil producers and traders in Honduras can apply for refinancing or readjustment of loans they have with supervised financial institutions in the country until December 31 of this year.

Monday, August 5, 2019

In order to obtain these benefits, producers and/or traders in the African palm sector must benefit from these mechanisms by 31 December 2019, according to an official source.

See "Palm Oil: Exports Up to September 2018” and "Palm Oil: Emergency Is Declared for Low Prices

From the CNBS statement:

1. Who can benefit from the Temporary Relief Mechanisms for the African Palm Sector? All producers and/or traders in the African palm sector who have credits with institutions supervised by the CNBS (Public or Private Banks, Financial Companies, OPDFs, etc.), and whose cash flows have been affected by the fall in the international price of palm oil and general market conditions.

2. What benefits do the Temporary Relief Mechanisms contemplate? Loans held by African palm producers and/or traders can be refinanced or readapted with institutions supervised by the CNBS (Public or Private Banks, Financial Societies, OPDFs, etc.).

3. Is there a time limit to benefit from the Temporary Relief Mechanisms? In order to obtain these benefits, producers and/or traders in the African palm sector must benefit from these mechanisms by 31 December 2019.

Read full release in Spanish.

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