Here are the highlighted moves for the softs market over the past month. We begin with a look to Tereos, who recently helped eRcane (Réunion’s sugar research centre) to mark its 90 years of investigations into sugarcane disease resistance. Tereos has hired Marcello Moreira as Director of Market Research. He was previously Trading Intelligence Lead at Alvean and before that 20+ years at Cargill, most recently as Sugar Analytics Lead. At FIE Paris in December, Tereos unveiled France’s first organic production of beet sugar.
ED&F Man promote Anthony Madi, from Senior Sugar Trader to Head of White Sugar Trading. Anthony moved to London on joining the group in 2013, having previously traded ethanol and fertilisers for companies in Switzerland.
A focus on Ethiopian coffee is reported by Charles Seara Cardoso, now a trader in Lisbon with Coffee Ithaka. UK-based until this move to Portugal, Charles has dealt particularly with East African coffee sources while in trading positions with TRC and SoftEn Commodities.
News from Amsterdam that the Dutch arm of ETG has been joined by Koen Goos to fill a senior trader vacancy on the coffee desk. Koen was a senior merchant in vegetable oils at Cargill until 2012, then he had seven years with Sucden as a trader for its Nedcoffee operations.
Here’s a new name: Mileura Capital. It’s a finance/business consultancy founded in London recently by CEO Henry Walsh. Henry has previously been a director of Noble’s cotton business in Europe/Asia/Middle East/Africa, Global Head of Commodities at National Australia Bank in Sydney, Head of Coffee for BTG Pactual and Engelhart’s Chief Investment Officer.
And as a last highlight for our summary of latest moves in softs: newly upgraded at the New York City offices of Cofco International is François Apotheker. He is promoted from Head of Market Risk to Regional CRO for the North American business in grains/oilseeds and softs trading. His background is in the energy sectors, from being an oil risk officer for Mercuria Energy Trading, to being Group Risk Manager at Eminent Energy and Head of Oil Product Control in the U.S. division of Noble’s global energy group.
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