Newedge eye opportunities in China sugar and grains

China's expanding trade in sugar and grains and rising options volumes provide growth opportunities for brokerage Newedge, Global Head of Agricultural Business Michael Dann said. "We're really looking very closely at what is happening in China, for sugar and for grains," he said in an interview, noting the success of the London Metal Exchange (LME) in attracting arbitrage business with the Chinese market.
The World Sugar Committee has recommended to ICE Futures US that it open the electronic trading platform for No. 11 raw sugar futures earlier, a move that would expose the market to Chinese trading hours. Dann said the change may take effect as early as in the first quarter of 2012.