By Kim Kyoungwha Sept. 10 (Bloomberg) -- Global commodity demand will be boosted by Asia’s industrialization, increased consumer spending and the impact of government stimulus programs, according to the Monetary Authority of Singapore. “The fundamental drivers of the global commodity market remain in place on a longer-term basis,” Kola Luu, executive director of financial markets strategy at the authority, said today in Singapore. “Asia will continue to be a major engine of growth for the global commodity market,” Luu said, according to a copy of his remarks at a conference. The Monetary Authority of Singapore is the city-state’s central bank. Luu was speaking at a conference on the development of commodity derivatives in Asia, and his address was posted on the authority’s Web site.

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