KfW: Strong recovery after April low; Trafigura, Gunvor 'take Hin Leong's storage leases at Singapore Universal Terminal’; GSCFF unveils report responding to criticism of payables finance

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• KfW Research says it stands by its forecast that Germany’s gross domestic product will contract by around 6% in 2020, before growing again by 5% in the coming year. 

• Oil traders Trafigura and Gunvor have taken over the fuel oil storage leases previously under Hin Leong at Singapore's Universal Terminal

• The Global Supply Chain Finance Forum (GSCFF) has released a new paper in response to growing concerns regarding the use of supply chain finance

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