Citigroup Inc. plans to expand its commodity team in Asia at a "double-digit" pace in a bid to capitalize on rising demand for raw materials as the global economic recovery boosts metals and energy prices.

The company, which has 22 commodity staff in Asia compared with three in 2005, plans to focus on new products in coal, gas, freight and emissions, said Ananth Doraswamy, regional head of commodities, in an interview from Singapore. "Because everybody is expanding in commodities, you want new blood."

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