Czarnikow says “flow of commodities between West and East” will dominate global trade

In the UK, sugar trading giant Czarnikow said that while the Asian economies have the greatest growth potential both in terms industrialisation and the development of their own consumer markets they will become increasingly in need of the agricultural production of the west. The trading firm, in a research note, highlighted that  2013 is expected to see yet another year of record global trade as the physical economy moves forward in spite of problems in the financial world. In sugar, the firm noted that Brazilian sugar production and exports have continued to hit new highs illustrating the difference between financial and physical markets. Falling sugar prices do not equate to falling demand. The continued growth in exports from Brazil is indicative of one of the key themes that is dominating the economic outlook: The flow of commodities between West and East.