There are a number of commodity trading hubs around the world, including Chicago, Houston, Geneva, London, New York and Hong Kong. Singapore ranks among the top three.
Singapore has the potential to become the world's largest commodity trading hub in the decade ahead as trade flows shift towards Asia. Already 80 % of the world's leading commodity trading companies have a presence Singapore. Even Singapore is already Asia's largest hub, there is a whole gamut of potential which can be unearthed. Singapore plans to ramp up efforts to develop the commodity trading ecosystem here, by building a local talent pool, helping home-grown commodity firms grow abroad, and bringing in regional commodity players as they internationalize.