Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Sucden 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, or 9.5 million tonnes.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackContinued relations with Russia. Among the "rich" French in Russia, it is worth mentioning the sugar giant Sucden. It has more than 250 thousand hectares of arable land in Russia. And in addition to sugar, it produces wheat, barley, sunflower, peas and corn. According to the results of last year, its net profit increased almost 2.7 times to 3.4 billion rubles. Revenue also increased many times - to 13.6 billion rubles. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.