Sucden

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), or 9.5 million tonnes. It has offices in a number of countries around the world, including London and Hong Kong.

Sucden
Native name
Sucres et Denrées Group
TypePrivate
IndustryFinancial services
Founded1952 (1952)
FounderMaurice Varsano and Jacques Roboh
Headquarters
Paris
,
France
ServicesCommodity broker, Sugar, Ethanol, Cocoa, Coffee
Number of employees
5,000
Websitewww.sucden.com

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]

Subsidiaries

Sucden Financial
Sucden Financial
TypeSubsidiary
IndustryFinancial services
Founded1973 (1973)
FounderMaurice Varsano
Headquarters
London
,
United Kingdom
Key people
Marc Bailey, Michael Overlander
ServicesBrokerage firm Derivative (finance) Foreign exchange
ParentSucden
Websitewww.sucdenfinancial.com

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.[6]

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
  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.
  5. "About Us: History". Sucden. Retrieved 30 May 2018.
  6. "Sucden Financial: International Derivatives and FX Broker". Retrieved 25 January 2017.
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