Sucden (Sucres et Denrées) is a French-based commodity broker of soft commodities and other financial products headquartered in Paris. The firm started as a

sugar Sugar is the generic name for sweet-tasting, soluble carbohydrates, many of which are used in food. Simple sugars, also called monosaccharides, include glucose, fructose, and galactose. Compound sugars, also called disaccharides or double ...

broker and is now amongst the world leaders with a market share of around 15% in volume (), or 9.5 million tonnes. It has offices in a number of countries around the world, including London and Hong Kong.

History

The company was founded in Paris in 1952 as Sucres et Denrées by Maurice Varsano and Jacques Roboh, who had started as sugar sellers in Morocco after World War II. In the 2000s, the company expanded into Russia, and began dealing in softs such as cocoa, coffee, and ethanol. It acquired the New York City-based Coffee Americas in 2014 and the Amsterdam-based Nedcoffee in 2015.

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

trading, Sucden Financial is a member of the world's major

commodities exchange A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, m ...

s, 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 The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspec ...

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 Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...

and energy, precious metals to foreign exchange and other financial instruments.

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

{{Reflist Financial services companies established in 1952 Financial services companies of France Financial derivative trading companies Foreign exchange companies 1952 establishments in France