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 around the world, including London and Hong Kong.

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]

In February 2026, the magazine Sources d'Arte reported that six Russian subsidiaries of Sucden, which operates around fifteen facilities in Russia and employs 4,000 people there (nearly 80% of the group's workforce), are collaborating with Vladimir Putin's army. These subsidiaries provide logistical support as part of the Russo-Ukrainian War.

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]

Russian subsidiaries of Sucden have been accused of directly supporting the Russian Armed Forces during the Russo-Ukrainian War between 2023 and 2025. An investigation by Arte, Mediapart, and RFI revealed that several Sucden-linked facilities in Russia provided equipment for weaving camouflage nets, rubber strips and mats to protect armored vehicles from drones, vehicles with anti-drone coverings, and fundraising for frontline needs, under the Lipetsk Oblast’s "Lipetsk Industry for Victory" program.^[7][1][8][9]