What RCMA Group does

RCMA Group is a privately held, Singapore-headquartered diversified commodity trading and investment group founded in 1908 with operating subsidiaries across Singapore, the United States (Norfolk, Virginia), the Netherlands (Zaandam), and the United Kingdom (Liverpool). Per the company's own materials, the group is in the process of transforming itself from a traditional commodity trading house into a diversified group of businesses spanning supply chain, energy, and consumer goods and services, with stated activity in polymer, cotton, sugar, coffee, vegetable oils, energy, and electricity retailing markets. Its customer base is horizontal — producers, consumers, and stakeholders in global B2B trade flows — and the group sells via direct, quote-based engagement rather than disclosed list pricing.

The group's core products and revenue streams are organised through wholly-owned subsidiaries and sub-brands. RCMA Asset Management Pte Ltd (formerly Aisling Analytics Pte Ltd, founded by Mike Coleman in 1982 and rebranded in 2018) manages The Merchant Commodity Fund, a proprietary commodity trading vehicle launched in June 2004 with Doug King. Jade Energy Holdings Pte Ltd, formed in 2018 from the previously established RCMA Energy businesses, focuses on energy-related investments and development under CEO David Maher. Yelo is a wholly-owned UK sub-brand producing sustainable, UK-sourced rapeseed food and agricultural products. Regional operating and shared-services entities (RCMA Asia Pte Ltd, RCMA Americas Inc, RCMA Support Services B.V., RCMA Support Services UK Pte Ltd) provide corporate and support services to the group.

The business model combines proprietary trading, B2B commodity intermediation with global supply chain management, energy investment and development, and branded consumer goods. The group emphasises rigorous risk management, fair and customised pricing, and a 'global reach, local touch' operating philosophy. Revenue mechanics are not publicly disclosed; pricing is quote-based and bespoke, and no revenue, AUM, or GMV figures are provided in the available data. The company is founder/management-owned, with leadership drawn from long-tenured commodity trading roles at Cargill, and operates without disclosed external institutional capital.

Name

RCMA Group

Legal name

RCMA Group Pte Ltd

Website

https://rcma.com

Company type

Private

Founded year

1908

Operating status

Operating

Headcount range

251–500 employees

Short description

RCMA Group is a Singapore-headquartered, privately held diversified commodity trading and investment group operating across polymer, cotton, sugar, coffee, vegetable oils, energy, and electricity retailing, serving global B2B counterparties via offices in Singapore, the US, Netherlands, and the UK.

Ownership category

akta.pro rank

Product category

Commodity Trading

NAICS

Commodity Contracts Intermediation (52316), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Aggregation Services (Load Aggregation, Community Choice, Buyer Pools) (EUAGAEAC)

akta.pro secondary industry

Community Choice Aggregation (CCA) / Municipal Aggregation Retail Supply (EUAGABAF)

Keywords

• Commodity trading
• Polymer supply
• Agricultural trading
• Energy investments
• Global supply chain

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Distribution channels1 record

Marketing channels2 records

Core offering

RCMA Group is a diversified commodity trading and investment group that participates in global trade flows across polymer, cotton, sugar, coffee, vegetable oils, energy, and electricity retailing markets. The group connects producers and consumers through managed supply chains, risk management, and proprietary trading, operating through sub-brands including Yelo (UK-sourced sustainable rapeseed products), Jade Energy Holdings (energy-related investments and development), and The Merchant Commodity Fund (proprietary commodity trading fund).

Product overview

RCMA Group is a diversified commodity trading and investment group transforming from a traditional commodity trading house into a multi-business enterprise spanning supply chain, energy, and consumer goods and services. The group operates through its portfolio of subsidiaries and brands, including Yelo (sustainable UK-sourced rapeseed food products), Jade Energy Holdings (energy-related investments), The Merchant Commodity Fund (proprietary commodity trading), and corporate services operations. The group maintains global offices across Singapore (headquarters), United States, Netherlands, and United Kingdom.

Differentiator

Problem solved

Functional benefit

Brands

• Yelo: At the forefront of the UK food and agricultural industry, producing UK-sourced and sustainable products from rapeseed using unique manufacturing process.
• Jade Energy Holdings
• RCMA Asset Management

Products and services

• Yelo Yelo is a sub-brand of RCMA Group operating in the UK food and agricultural industry, producing UK-sourced and sustainable rapeseed products through a unique manufacturing process. It supplies food and agricultural goods to commercial customers.
• Jade Energy Holdings Jade Energy Holdings is an energy-focused subsidiary of RCMA Group that leverages market expertise and industry knowledge to identify, develop, and invest in energy-related initiatives, including working with major corporates, private equity, and government agencies.
• The Merchant Commodity Fund The Merchant Commodity Fund is a proprietary commodity trading fund launched in June 2004, managed under RCMA Asset Management Pte Ltd, focusing on proprietary trading across commodity markets.
• Corporate Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves8 records

Expansion highlights4 records

Direct peers

• Vitol: World's largest independent energy trader with growing presence in metals and agricultural commodities. Directly comparable to RCMA's energy trading and The Merchant Commodity Fund activities, with a similar private ownership and trading-house DNA.
• Wilmar International: Asia-headquartered agribusiness group trading and processing edible oils, sugar, grains, and related commodities. Strong geographic and commodity overlap with RCMA's Singapore base and vegetable oils/soft commodity exposure.
• Bunge Limited: Global agribusiness and food company originating, processing, and trading oilseeds, grains, sugar, and related commodities. Comparable to RCMA on agricultural commodity intermediation, though Bunge operates at significantly larger scale with vertically integrated processing assets.
• Mercuria Energy Trading: Privately held global commodity and energy trading house with operations across crude, products, metals, and agricultural commodities. Overlaps directly with RCMA's energy and commodity intermediation business and its proprietary trading fund model.
• Olam Group: Singapore-based agri-food company trading and processing commodities including coffee, cocoa, cotton, grains, and edible oils. Highly comparable to RCMA's Singapore HQ, soft commodity focus, and supply chain management approach.
• Louis Dreyfus Company: Privately held global merchant of agricultural commodities (cotton, sugar, coffee, grains, oilseeds). Operates in the same commodity verticals as RCMA Asset Management and shares a similar privately held, founder/family-influenced governance model.
• Noble Group: Hong Kong-headquartered commodity trader historically focused on energy and agricultural products. Singapore operational roots and similar commodity intermediation model make it a regional comparable to RCMA.
• Trafigura: Global commodity trader specializing in energy, metals, and agricultural products with proprietary trading and asset-management arms. Comparable to RCMA's multi-commodity intermediation model and Singapore-anchored energy/commodity activities.

Broad incumbents

• Glencore: One of the world's largest diversified commodity traders and producers, with activities spanning energy, metals, and agricultural products. Operates in the same commodity verticals as RCMA but at materially greater scale and with vertically integrated assets.
• Cargill: World's largest privately held agricultural commodity trader and processor. Directly comparable to RCMA's commodity trading roots given that both founders trained at Cargill; differs in scale, asset ownership, and breadth of value-chain integration.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rcmagroup
• Xx.com/grouprcma

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RCMA Group