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AGRICULTURE

Integrated commodity provider GP Global forays into agriculture trading
Wednesday, 28 February, 2018, 08 : 00 AM [IST]
Geneva
Following its recent global rebrand, GP Global, the integrated commodity needs, services provider and product manufacturer, has expanded into agriculture trading. It has launched a new desk, which will be based in Geneva and led by Laurent Delcourt.

It will focus on trading physical grains and pulses like wheat corn, barley and soy beans and will target Asia, the Middle-East and East Africa in the short term. GP Global will look to capitalise on an industry worth $5 trillion, representing 10 per cent of global consumer spending.

With over 30 years’ experience in the agriculture industry, Delcourt is an industry expert, and will focus on establishing on growing the trading desk in terms of business and head count as well as diversification into soft commodities.

Prior to joining GP Global, Delcourt held the position of managing director, grains business unit, ED&F, where he developed the entire grain business unit trading over two million metric tonne of grains and oilseeds across offices around the world.

Prerit Goel, group director, GP Global, said, “We have been focused on diversifying our operations for quite a few years, following our recent foray into coal. This move into the agri-business sector complements our long-term strategic objectives for the group.”

“With Delcourt, we have a seasoned professional with a proven track record in establishing and developing trading desks in this sector, and we are extremely excited to have him on board,” he added.

Laurent Delcourt, trading manager, agriculture, GP Global, said, “The agriculture business has endured a difficult period of late with large supplies of product on the market and squeezed trading margins.”

“However, we are extremely optimistic that these trends will reverse due to growing global population and a resulting in high demand for food, especially in Asia, the Middle-East and Africa,” he added.

“The addition of an agriculture trading desk supports the overall strategic goals of GP Global, and I am confident that we will continue our exponential growth we have enjoyed over the recent years,” Delcourt said.

GP Global has plans to launch agricultural desks in Singapore and India in the near future.
 
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