[18] The Miami, Florida-based MGM International Group is a developer of international projects to reduce greenhouse gas emissions. We have a system that monitors the supply and demand needs, because often times they are working independently. But since White Plains, New York-based Bunge set up in China in 1998, many have switched to soy pellets. On the world oil markets the name Vitol is as familiar as Exxon is at the petrol pump. Louis Dreyfus is a well-honed global operator, marketing agricultural commodities from wheat to orange juice. Price premiums for immediate supply spiked, sapping margins for refiners worldwide. It announced in early October that it may float its storage subsidiary Puma Energy within 18 months. In some cases it makes up 60-80 percent of what they do, said Carl Holland, a former price risk manager at oil major Chevron Texaco, who now runs energy consultancy Trading Solutions LLC in Connecticut. Like Rich, Dauphin created a leading commodities trading house by applying a knife-edge approach to business. There is no rush, the company has been private for 150 years so there is no specific timing for changing the shareholding structure, one source close to the company said. Exclusive: State-backed Chinese fund buys stake in energy trader Mercuria Result: Chinas pigs are heavier than ever and Bunge has become a key supplier to one of the fastest growing economies in the world. Gunvors oil dominance has waned in the past two years -- it is handling around a fifth of Russian seaborne oil exports, down from a third three years ago. They stayed until 1994, then joined Phibro for a five-year stint when it was controlled by Salomon Brothers. The firms far-ranging industrial interests also include chemicals, forestry, ethanol, carbon trading and ranching. The firms traders, according to two industry sources, made a fortune for Koch in 2009-10 during a contango in U.S. oil markets -- a period when oil for future delivery was higher priced than immediate cargoes. personalising content and ads, providing social media features and to And his silence helped feed rumors about Gunvors remarkable growth. I would love for them to be listed on the stock market, said Gertjan van der Geer, who manages an agriculture fund for Swiss bank Pictet. Glencores initial public offering was the largest globally this year, attracting huge publicity as well as arguments that it marked the top of the commodities cycle. [22] Mercuria also acquired the reorganized Aegean Marine which was renamedMinerva Bunkering. That experience defined the trading strategies of Dunand and Jaeggi who moved from Phibro to start Sempras European and Asian trading business in 1999 before founding Mercuria in 2004. Trading houses were able to do this because international sanctions on Syria do not ban the sale of fuel into the country, but they did not have to fight off much competition for that business. It has trading offices in China, palm plantations and chemical plants across Asia, and silos in Brazil. It helps that Olam has backing in high places: Singapore state investor Temasek holds a 14 percent stake in the trading firm. The suit was settled out of court for an undisclosed sum. Asian demand for South American soybeans has exploded over the last five years and Bunge is arguably the best positioned company in the world as it relates to servicing and profiting from the Asian demand trend, said Jeff Farmer, an analyst who follows the company for Jefferies & Company in Boston. With global sales of $108 billion in 2010, Cargill would have ranked No. Certain musicians, they have had a few hits and sort of faded away. [1] The firm was founded in 2004 by two former Wall Street oil traders, Marco Dunand and Daniel Jaeggi. Or this: Glencore in 2010 controlled 55 percent of the worlds traded zinc market, and 36 percent of that for copper. Switzerland-based Glencore, whose initial public offering (IPO) in May put trading houses in the spotlight, pays some traders yearly bonuses in the tens of millions. It slipped 0.3 percent in 2013 and is down 2.6 percent this year at about $108 a barrel. The top five piled up $629 billion in revenues last year, just. Welcome - Mercuria Corporate Social Responsibility Hin Leong made its name in the hard-fought Asia fuel oil and distillates market over 20 years ago, and is arguably the largest independent distillates trader in Asia, regularly mounting successful trading plays in the Singapore market. After a newspaper interview he wrote an open letter in 2008 headlined Gunvor, Putin and me: the truth about a Russian oil trader. In 2006 a tanker it chartered dumped toxic waste in Ivory Coast, allegedly making thousands ill and killing up to 16. [3] The company is one of the world's five largest independent energy traders and asset operators and is based in Geneva, Switzerland, with 37 additional offices worldwide. Rich, now 76, would later end up on the FBIs most-wanted list for alleged tax evasion and trading oil from Iran after the revolution in 1979.