Most international suppliers of soyabeans have suspended loading of South American oilseed for China because they are not sure if the buyers will pay for the cargoes, traders and industry sources said on Monday.
Twenty to 30 South American cargoes will be hit by the move, the sources calculated.
Sellers are uncertain if buyers can live up to their commitments because many of the cargoes were sold at high prices. Futures prices in Chicago have since declined sharply.
Chinese crushers agreed at the weekend to stop selling soyameal at prices below 2,900 yuan ($350) a tonne to overcome a financial squeeze triggered by the Chicago decline, Beijing's credit tightening and weak meal demand, industry sources said.
The crushers met on Saturday after domestic meal prices slumped towards 2,600 yuan ($314) late last week.
Chinese crushers have been negotiating with foreign suppliers to delay or cancel high-priced South American soya cargoes.
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