Reborn as the richest man in India.

Chapter 360: Buy gas at half price (please give me a monthly ticket)

It would definitely be unwise to engage in an all-out price war with the Sitharaman family in the traditional edible oil market.

The price is too high, Qiao Ge will not do such a loss-making business.

Appropriate intervention, fighting guerrilla warfare, harassing them, making the Sitharaman family nervous and uncomfortable, seizing a little market by the way, and increasing financial pressure on them, is enough to achieve their goals.

After all, this is still a long-term war, and slowly eroding their edible oil market share through palm oil imports and other means is the best strategy.

After all, their financial pressure is very problematic, the advantage is on their side, and time is also on their side.

"Boss, then the price we have to pay will be higher. In fact, palm oil alone is enough, but it will take a little longer." Jenner said.

"While we have sufficient funds, there is nothing wrong with putting some more pressure on them, as long as the cost is within a reasonable range." Qiao Ge said solemnly.

It is true that the war will last for a long time, but if there is an opportunity to speed up the war, of course Qiaogo will not mind.

In short, there is a weighing of pros and cons here. As long as the price paid is acceptable, then there will be no problem.

"Okay, boss, it's up to you. I'm familiar with many foreign suppliers and can contact them. With your reputation, boss, I believe they won't put forward such harsh conditions." Jena said immediately.

He knew that his boss had abundant funds, and that the traditional edible oil market abroad was very large, with various varieties and large output, unlike palm oil, which had a small output here.

So there is no shortage of oil.

As for the boss's credibility, Jena feels that it is definitely much better than that of the Sitharaman family.

Of course, this is not because the boss’s domestic funds are strong enough. Foreigners may not believe this.

After all, people like the Sitharaman family can default on their debts.

Jena’s confidence that they would not raise the deposit and other proportions came from Qiaogo’s investment abroad.

The Malaysian side has such a large investment, which means that it has to do business in the international market for a long time.

If you want to participate in the international market, credibility and good reputation are very important, especially in the long term.

This is enough to dispel the concerns of those suppliers. The transaction must be in accordance with international practices.

Qiao Ge secretly sighed, it was wise to pull Jena over.

Although he recognized his ability, he had previously been in the traditional edible oil industry and had some resources in this area.

It is very important to be familiar with at least some foreign suppliers.

If you go to those traditional cooking oil suppliers from abroad now, you don’t know how much energy it will take.

Sure enough, Qiao Ge soon learned from Li Shenjing that the Sitharaman family had breached the contract and defaulted on the debt.

Of course, they did not directly say that they would not lose money. They just said that they hoped to be given some time grace in terms of liquidated damages. As for this grace time, it would be delayed again and again.

Companies in Malay will definitely not do this kind of thing.

For example, Li Shenjing completed a deal with them, selling 5 tons of palm oil at a price [-]% higher than the market price.

He thought he could come a few more times and make more money, but he didn't expect that he got a bargain once.

Li Shenjing told Qiao Ge that their companies would join forces and communicate with the Malay and Indian governments to put pressure on the Sitharaman family.

Qiao Ge didn't know if such a method would be useful. The effect would probably be small. After all, the Sitharaman family was determined to default on their debts.

However, the Malay government's intervention can cause some trouble for the Sitharaman family.

"Haha, sue us? Then go ahead and sue us." Rab didn't care at all about the threat from the Malay Company.

He was in a very good mood after hearing about his recent cooking oil pre-sale funds.

Most people choose to pay for one year, because this discount is the largest, and this payment method is definitely the most cost-effective for consumers.

"Sales of more than 100 billion, tsk tsk, keep up the good work." Rab laughed.

When Kehas found out, he was very satisfied.

He didn't expect the effect to be so good.

In fact, this is not surprising. After all, the import volume of palm oil is too small, and most people still choose traditional edible oil.

Since the prices are cheap here in the Sitharaman family, what does it matter if you pay for a year all at once?
Such a big company will never fail without providing them with subsequent cooking oil, right?

Everyone naturally trusts the Sitharaman family. After all, it is an old edible oil company.

"Do you think the pre-sale time can be extended a little longer, such as two to three years?" Khas asked.

Labu was stunned for a moment, this was really exciting.

This way you can get more money back in one go.

Just do it, Rab also asked the people below to formulate a plan, and then increased the prices for each predetermined time, such as one and a half years, two years, two and a half years and three years.

He even wanted to make a five- to ten-year pre-sale plan. It was so addictive.

I have to say that this strategy is very successful, and there are many customers who are willing to pay.

According to the preferential price here for three years, it is equivalent to buying oil at half price.

Seeing that Labu did as he was told, Kekhas felt a little panicked after knowing the specific price.

He came here specifically to find Labu, and the price was a huge loss.

But Labu told him, three years, if he can stabilize the market within three years, I believe he can make back the lost money.

Besides, these cooking oils are given over three years and are not shipped all at once, so the pressure will not be so great.Now that we have so much funds at once, we have greater confidence to face Qiao Ge's offensive.

Although Kehas still had concerns in his heart, Rab's words also made sense.

After all, I got the money all at once, and as for the oil, I could pay it later slowly, giving myself a time lag.

Using these funds can completely make money.

Seeing that Labu was so confident, Kehas didn't say anything more. After all, Labu was an expert in the edible oil industry, so he couldn't interfere too much.

However, Labu was not happy for a few days before something troubled him.

"What? You said they want to increase the deposit ratio?" Labu glared at his men.

"Yes, clan leader, some even said that they require us to pay the full amount before they can ship the goods." The subordinate said again.

"Asshole, are they crazy?" Lab said angrily, "The deposit must be at least [-]%, there is no such rule. How can anyone pay in full? We have paid in full, what if they don't deliver the goods? Who will guarantee our rights and interests?”

Rab said it was a bastard, so it was naturally those overseas suppliers of cooking oil.

India's vegetable oil self-sufficiency ratio is very low, and most of it relies on imports.

For example, sunflower oil is basically imported.

More than half of soybean oil is imported.

Rapeseed oil has the largest domestic production and the lowest import proportion, but imports also account for about 30%.

In short, India is very dependent on imports of edible oil and consumes a lot of foreign exchange on this every year.

The Sitharaman family, of course, imports most of its cooking oil.

His subordinates did not dare to say anything. Of course he knew why those foreign suppliers would put forward such conditions.

It was caused by the issue of liquidated damages on the family side and the Malay side.

Obviously, their attempts to default on their debts have made these suppliers a little worried about whether they will not pay the balance.

It has to be said that once this reputation is ruined, it will be too difficult to gain the trust of others.

Of course Rab also understood the reason, but he couldn't say it out loud.

When this decision was made, it was also a helpless move.

He had thought about the subsequent effects, but the current consequences seemed far beyond his expectations.

He had just thought that he would no longer do business in Malay at worst.

Unexpectedly, these suppliers who have cooperated with us for many years have changed their attitudes. This is not a good sign.

An increase in the deposit ratio means greater financial pressure on them.

I had just happily recovered a lot of money from the pre-sale, but if the deposit here was increased, then these funds would be spent soon.

How could this be?
"Go and have a good talk with them. We can raise the deposit a bit, but [-]% is definitely not possible," Rab said.

As for paying the full amount, he never thought about it. How could anyone do this kind of business? It was unreasonable.

Of course, the big news newspaper was not idle and published the story of the Sitharaman family's default.

For a time, public opinion was in an uproar.

Of course, there are some people who applaud the Sitharaman family. These are Indian populists and extremists who feel that money should not be paid to foreigners.

Being able to borrow foreigners' money and defraud foreigners' money is a skill.

So they all applauded the Sitharaman family and regarded them as the heroes of India.

Then big news newspapers began to report that the Sitharaman family's overseas cooking oil suppliers were asking for higher deposit ratios or full payment.

Once this kind of thing was reported, domestic edible oil suppliers couldn't sit still.

They all asked for the same conditions.

Let the Sitharaman family pay the balance quickly, and the deposit ratio for the next goods will also be increased.

"Asshole, damn Big News, damn Qiaogo~~" Rab roared in the office, and many objects inside were broken.

The people outside listened to the crackling noise inside, trembling with fear and not daring to express their feelings.

"So, they are probably scolding me now, right?" News said with a smile on his face.

"Not just scolding you, but also scolding me." Qiaogo replied.

"Isn't it normal to scold you? The fun has just begun." News said, "I have to show them how powerful they are. Fight us and seek death. Their advance payment for cooking oil will be punished in the future. It’s hard to say whether your blow can really guarantee the subsequent supply of cooking oil, so I have to report it well.”

These words made Qiao Ge think for a moment.

Seeing that Qiao Ge didn't answer for a while, Neus was stunned and said, "Do you think there's anything wrong?"

"No, there's nothing wrong. I just think the reporting on this matter can be slowed down a bit?" Qiao Ge asked.

"Why should you slow down? Give them a thunderous blow now, and you want to use this method to quickly withdraw funds, dreaming." News said, "And they have recovered a large amount of funds at once. Once they have sufficient funds, they will treat you It’s not a good thing to impact traditional cooking oil.”

"I know this." Qiao Ge certainly knew this. "I want the impact of this matter to be greater, so it may be better to slow down."

(End of this chapter)