CIC aims to revolutionise commodities trading

Singapore

IN the world of commodities trading, Commodities Intelligence Centre (CIC) is a relative minnow. Nevertheless, it hopes to "revolutionise" commodities trading by facilitating online business-to-business (B2B) trades, promising to reduce transaction costs for buyers and sellers of a wide variety of commodities.

Commodity producers are "regularly exploited" in a system that involves many middlemen facilitating trades between producer and end-user, said CIC's chief executive Peter Yu.