RCMA defies commodity rout, expands into energy

EVEN as commodity producers and traders batten down the hatches and sell off businesses to tide through the difficult commodity environment, Singapore-based RCMA Group is expanding, and on the prowl for good assets to pick up.

The company, which trades over US$1 billion worth of rubber, coffee, sugar and cotton each year, is now moving into the energy business.

It has started trading electricity in Singapore and Australia, and could eventually expand into the Philippines, Japan, South Korea, Vietnam and others.