Sucden

Sucden Financial
Company type	Subsidiary
Industry	Financial services
Founded	1973
Founder	Maurice Varsano
Headquarters	London, United Kingdom
Key people	Marc Bailey, Michael Overlander
Services	Brokerage firm Derivative (finance) Foreign exchange
Parent	Sucden
Website	www.sucdenfinancial.com

Sucden
Native name	Sucres et Denrées Group
Company type	Private
Industry	Financial services
Founded	1952
Founder	Maurice Varsano and Jacques Roboh
Headquarters	Paris, France
Services	Commodity broker, Sugar, Ethanol, Cocoa, Coffee
Number of employees	5,000
Website	www.sucden.com

Sucden (Sucres et Denrées)^[1] is a French-based commodity broker of soft commodities and other financial products headquartered in Paris. The firm started as a sugar broker and is now amongst the world leaders with a market share of around 15% in volume (as of 2016^[update]), or 9.5 million tonnes.^{[citation needed]} It has offices in a number of countries around the world, including London and Hong Kong.

History

The company was founded in Paris^[2] in 1952^[3] as Sucres et Denrées by Maurice Varsano^[4] and Jacques Roboh, who had started as sugar sellers in Morocco after World War II.^[5]

In the 2000s, the company expanded into Russia, and began dealing in softs such as cocoa, coffee, and ethanol.^[5]

It acquired the New York City-based Coffee Americas in 2014 and the Amsterdam-based Nedcoffee in 2015.^[5]

Criticism

Sucden has faced criticism for maintaining operations and strong business ties in Russia amid the war in Ukraine. The company owns over 250,000 hectares of arable land in Russia and produces sugar, wheat, barley, sunflower, peas, and corn. In the previous year, its net profit grew 2.7 times to 3.4 billion rubles, while revenue increased significantly to 13.6 billion rubles, raising concerns about its continued economic engagement in the country.^[6]

Subsidiaries

Sucden Financial

Sucden Financial is Sucden's London-based multi-asset execution, clearing and liquidity provider for FX, fixed income and commodity instruments. Sucden Financial's parent is Sucden, a company incorporated in France. The group's main activity is sugar trading,

Sucden Financial is a member of the world's major commodities exchanges, is one of only 9 Ring-Dealing members on the London Metal Exchange and is able to deal in virtually all commodity and financial futures and options contracts, as well as foreign exchange and fixed income.

Clients trade financial derivative contracts on agricultural commodities such as sugar, coffee, cocoa, cotton and grains and oil seeds, industrial commodities such as base metals, steel, iron ore and energy, precious metals to foreign exchange and other financial instruments.^[7]

Other subsidiaries

Sucden Côte d'Ivoire
Sucden cocoa Nigeria
Sucden Americas corp
Coffee America (USA) corporation
General Cocoa Company (genco)
Sucden Mexico
Sucden do Brasil
Sucden Recife
Sucden Argentina
Sucden Chile
Sucden Peru
Sucden Asia
Sucden China
Sucden India pvt. ltd.
Sucden Malaysia
Sucden Thailand
Sucden Philippines
Nedcommodities India
Sucden Coffee Indonesia (formerly known as NedCoffee Indonesia)
NedCoffee Vietnam
Sucden Paris
Sucden Geneva
Sucden Italia
Sucden Russia
Nedcoffee B.V.
Sucden Financial limited
Sucden Middle East

References

^ "Sugar Traders Brace for Wild Ride as Surplus Hangs on Weather". BloombergQuint. Retrieved 2021-04-08.
^ "Ivory Coast president's stepson defends cocoa export role". www.ft.com. Retrieved 2021-04-08.
^ "French sugar trader creates stir with handy quartet swoop". Splash247. 2016-10-18. Retrieved 2021-04-08.
^ Ecofin, Agence. "Sucres & Denrées Côte d'Ivoire bénéficiera d'une ligne de crédit de 100 millions $ de la BAD". Agence Ecofin (in French). Retrieved 2021-04-08.
^ ^a ^b ^c "About Us: History". Sucden. Retrieved 30 May 2018.
^ "Sucden". leave-russia.org. Retrieved 2024-12-17.
^ "Sucden Financial: International Derivatives and FX Broker". Retrieved 25 January 2017.

[1] "Sugar Traders Brace for Wild Ride as Surplus Hangs on Weather". BloombergQuint. Retrieved 2021-04-08.

[2] "Ivory Coast president's stepson defends cocoa export role". www.ft.com. Retrieved 2021-04-08.

[3] "French sugar trader creates stir with handy quartet swoop". Splash247. 2016-10-18. Retrieved 2021-04-08.

[4] Ecofin, Agence. "Sucres & Denrées Côte d'Ivoire bénéficiera d'une ligne de crédit de 100 millions $ de la BAD". Agence Ecofin (in French). Retrieved 2021-04-08.

[history-5] "About Us: History". Sucden. Retrieved 30 May 2018.

[6] "Sucden". leave-russia.org. Retrieved 2024-12-17.

[sucf-7] "Sucden Financial: International Derivatives and FX Broker". Retrieved 25 January 2017.

[1]

[2]

[3]

[4]

[5]

[6]

[7]