Trust Securities develops agri division
Dubai, February 14, 2012
Dubai-based Trust Securities DMCC, a leader in global brokerage, has expanded its agricultural trading division to meet the growing demand of agricultural commodity consumption and re-exports out of the UAE.
Trust Securities said that it has recently created two sub offices in India and Sri Lanka, in attempt to cover the entire value chain from production, transportation, refining, storage, and wholesale distribution.
Asim Khan, chief executive officer, Trust Securities – Dubai, said: “The commodities market is dynamic and volatile, changing buying habits and trends overnight. We have carefully integrated our risk management expertise with strong supply chain management to offer high quality agricultural commodities at competitive prices within the Mena region.
“We have in-depth understanding of the commodity markets and our skilled personnel and systems are able effectively monitor the demands of our customers. Our team now represented across the four continents and has built a strong network of manufactures and transportation specialist to create a sound base for our supply chain management.”
Trust Securities’ agro services are set to expand into conventional as well as exotic agricultural commodities over the course of the year to create a “one-stop-shop” for physical agricultural trading such as, grains (corn, wheat, rice), softs (sugar, coffee, cocoa) and soybean complex.
Bruce Powers, head of Research, Trust Securities – Dubai, said: “We have carefully monitored the commodities market in the UAE and understand the demand for agricultural commodities is increasing annually.”
“We have observed consumption and re-export statistics over the last five years and understand re-exports have grown 20 per cent analyzed since 2009. We are looking to contribute towards this growing number, by constantly enhancing and expanding our services in the commodity market,” he added. – TradeArabia News Service