
Singapore poised to overtake Switzerland as world’s largest commodity trading hub
It will handle 30% of agri-commodity trade by 2025.
Singapore will snatch Switzerland’s commodity trading crown over the next decade, as the city-state continues to ramp up operations on back of burgeoning Asian demand for commodities.
CLSA forecasts that Singapore will handle 30% of global agricultural commodity trade by 2025, up from just 20% in 2015. Singapore will also retain its spot as Asia’s largest oil trader.
Singapore’s commodity trading position will be cemented by improved operating conditions such as preferential tax rates for commodity traders, infrastructure improvements and increased logistics capacity.