Commodity trading sector resilient despite challenges: Iswaran

Singapore

SINGAPORE'S commodity trading sector has remained resilient despite a challenging operating environment for the oil, agri-commodities and metals and minerals markets in the past few years, said Minister for Trade and Industry (Industry) S Iswaran.

Speaking at the Global Trader Dialogue - a gathering of 300 top representatives from the international commodity trading community - he noted that in the past few years, oil prices have seen a sharp drop; oversupply in the agri-commodities sector has created margin pressure for growers, traders and processors; and volatility has become a new norm in the metals and minerals market.