16 September 1999
Sugar trading launched on internet

SUGAR is poised to become the next commodity traded on the internet when it is sold through an online exchange known as Comdaq.Net.

The exchange is the brainchild of the entrepreneurs behind BusinessNet, a UK-based internet service provider recently sold to US group Level 3 Communications.

The exchange, which goes live on 1 October, aims to provide a comprehensive system for trading physical commodities under one roof.