Vacuum packaging for coffee traditionally requires multilayer plastic-aluminum laminates. With the recyclable Mono-PP and Mono-PE – composite films, Syntegon in cooperation with partners Amcor, O.Kleiner and Constantia now presents sustainable solutions for this demanding application for the first time.

Mono materials place higher demands on machine technology during processing than conventional plastic composites: Particularly when it comes to sealing, folding and cutting, the switch to mono materials requires adjustments to the machines so that the more temperature-sensitive films are not damaged by excessively long sealing times, for example. Syntegon’s vacuum packaging systems are up to these challenges and process mono materials into high-quality packaging. The newly developed mono-materials from our partners Constantia, O.Kleiner and Amcor are characterised by aroma-tight barrier and excellent processability.

The sustainable mono-material solution is not only available for new machines – existing machines can also be retrofitted with the corresponding technology. Syntegon’s comprehensive range of services includes individual consulting and machine testing to implement the perfect solution for each customer in terms of material and machine adaptation on site – sustainably and safely.

In addition, the fully recyclable vacuum packs score with an optimum ratio of packaging to product weight – with minimum pack size. Thus, thanks to environmentally friendly materials and material savings, the packaging is twice as sustainable – and saves CO2, logistics costs and recycling fees at the same time.

For more on Syntegon’s packaging solutions, click here.

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Brought to life in ofi’s recent ad and dedicated website, the brand is more than just a new look. It further underlines ofi’s thrust and focus as it shakes up the market with fresh thinking and ingredients that help food and beverage companies meet the growing consumer demand for natural, healthy, and sustainably sourced cocoa, coffee, dairy, nuts, and spices products.

Shekhar, CEO of ofi, said: “The new ofi brand carries the strong origination and supply chain heritage of Olam but equally signals our exciting aspirations for the future. It conveys the distinct and accelerated changes being made in the business to continuously improve and deliver a differentiated customer value proposition.

“We are innovating across all areas of our business, right from plant to palate. Ongoing investments in application development and R&D expertise will unleash the full natural potential of our highly complementary portfolio to deliver further value-added ingredients and solutions for our customers. This could be replacing hydrogenated vegetable fat in a cream wafer with a specially formulated natural nut paste; or sourcing single origin Ecuadorian cacao beans delicately flavored with a hint of spice in artisan chocolates.

“At the farm level, we are investing further to deepen the physical and digital presence in sustainable sourcing that we are already well known for. We are also increasingly helping our customers to fast track their journey to net zero, providing specific programs for carbon reduction by working closely with smallholder farmers and other communities across the chain. Bringing all of this together underlines our new company purpose to ‘Be the Change for Good Food and a Healthy Future’, along with all our customers, partners and other stakeholders.”

Briony Mathieson, chief marketing officer, who along with her team, led the development of the new brand, said:

“The new brand helps us deliver on three critical areas: giving greater clarity about all the ways in which we can support our customers’ growth; unifying and inspiring the ofi team to keep innovating across the business to create more customer value; and helping all other stakeholders and civil society to better understand the role we play on the ground in delivering various sustainability programs and catalysing real impact. We believe that no company can do it alone and we want the new brand and purpose to convey our continuing commitment to collaborate with others to scale that impact – and together, we can make it real.”

Discover much more about what ofi has to offer click below.

Visit ofi.com

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After two months of increases, the ICO composite indicator fell by 8.9% to 106.89 US cents/lb in January 2020. The daily price of the ICO Composite ranged between 99.78 US cents/lb on 29 January and 115.18 US cents/lb on 2 January. The 2020-21 Brazilian crop, which would be an on-year of its biennial Arabica cycle, and broader macroeconomic uncertainty exerted negative pressure on the market.

Prices for all group indicators fell in January 2020, reversing the gains made in December. Brazilian Naturals saw the largest decrease, of 12.4%, to 110.73 US cents/lb. Other Milds fell by 9.5% to 142.19 US cents/lb, while Colombian Milds decreased 8.7% to 147.52 US cents/lb. As a result, the differential between Colombian Milds and Other Milds widened in January 2020, rising by 21.4% to 5.33 US cents/lb. Prices for Robustas decreased by 3.7% month-on-month to 70.55 US cents/lb, partly in response to increased shipments of Robusta from Vietnam and Indonesia.

The spread between Arabica and Robusta coffees, as measured on the New York and London futures markets, decreased to 56.02 US cents/lb, following four months of increase. The New York Arabica futures market fell by 10.9% to an average of 117.05 US cents/lb in January 2020, the second highest monthly average in the last twelve months, while the London Robusta futures market declined by 4.5% to 61.03 US cents/lb. Certified Arabica stocks increased by 7.2% month-on-month to 2.49 million bags while certified Robusta stocks fell by 3.4% to 2.45 million bags in January 2020.

The volatility of the ICO composite indicator increased by 0.9 percentage points to 10.6% over the past month. The volatility of all Arabica indicators rose in January 2020: Brazilian Naturals by 1.7 percentage points to 13.8%, Other Milds by 1.5 percentage points to 11.1% and Colombian Milds by 1.2 percentage points to 10.7%. The Robustas group indicator volatility was 8.1%, a decrease of 0.7 percentage points from December 2019.

Global exports in December 2019 totalled 10.3 million bags, compared with 10.27 million bags in December 2018. Exports in the first three months of coffee year 2019-20 decreased by 5.8% to 29.01 million bags compared to 30.78 million bags in 2018-19. During this period, shipments of Arabica fell by 10.1% to 18.28 million bags, but Robustas increased by 2.7% to 10.73 million bags. The decline in Arabica exports has been driven largely by a fall in shipments of Other Milds and Brazilian Naturals, which declined by 13.8% to 4.22 million bags and by 13.3% to 9.95 million bags, respectively. However, exports of Colombian Milds rose by 3.7% to 4.12 million bags and Robustas by 2.7% to 10.73 million bags.

Total exports by Africa in the first three months of 2019-20 increased by 6.3% compared to the previous year to reach 3.25 million bags. Uganda was the largest exporter in Africa, at 1.15 million bags, followed by Ethiopia at 927,000 bags. As a result, Africa has increased its share of world exports to 11.2% compared with 9.9% for the first three months of 2018-19.

In Asia & Oceania, exports increased by 0.3% to 8.98 million bags, but are below the record of 10.26 million bags achieved in the first three months of 2016. Vietnam was the leading exporter in the region, with shipments of 6.05 million bags, a 10.7% decrease on October to December 2019. During this period, exports contained mostly last season’s crop as harvesting of the new crop was still underway. However, Indonesia recorded a strong increase as it more than doubled its volume to 1.48 million bags while shipments from India rose by 0.5% to 1.07 million bags. Asia & Oceania accounted for 31% of total exports during the first three months of coffee year 2019-20.

A decrease of 9.9% was recorded in Mexico & Central America, with exports of 1.51 million bags representing their lowest level since 2015-16. Shipments from the region’s two largest producers fell in the first three months of the coffee year. Exports from Honduras decreased by 8.3% to 522,000 bags, and from Mexico by 15.3% to 427,000 bags. However, shipments from Guatemala rose by 9.7% to 302,000 bags, and from Nicaragua by 7.1% to 170,000 bags. As a result, Mexico & Central America accounted for some 5.2% of world exports, slightly less than in 2018-19.

In South America, exports fell by 10.7% to 15.27 million bags in October to December 2019. Brazil exported 9.94 million bags, 14.4% less than in 2018-19, reflecting the smaller harvest from its off-year crop in 2019-20. Colombia’s shipments increased by 4.8% to 3.76 million bags as exports of green coffee rose by 5.3% to 3.5 million bags and those of roasted coffee increased by nearly 50% to about 46,000 bags. While its soluble exports fell by 8.4% to 211,000 bags compared to the first three months of coffee year 2018-19, the volume is the second highest on record. Peru’s exports declined by 19.7% to 1.41 million. Despite the large drop, South America is still by far the largest source of coffee exports, accounting for 52.6% of the world total, down from 55.5% in 2018-19.

Total production in coffee year 2019-20 is estimated at 168.71 million bags, a 0.9% decrease on the previous year. Smaller harvests are provisionally forecast for Africa and South America, by 2.3% to 18.19 million bags and by 4.7% to 78.33 million bags, respectively. In Asia & Oceania however, production is estimated at 50.65 million bags, a 5.4% increase from 2018-19 while output from Mexico & Central America is provisionally estimated to rise by 0.9% to 21.54 million bags. Total consumption is estimated at 169.34 million bags in 2019-20, which would lead to a projected deficit of 0.63 million bags. This may put upward pressure on prices during the coffee year, but price increases will be tempered by Brazil’s upcoming crop in 2020-21, which is another on-year for its Arabica harvest.

For the full report visit: www.ico.org.

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Coffee prices continued their downward trend as the monthly average of the ICO composite indicator fell to 94.42 US cents/lb in April 2019, 3.2% lower than in March 2019 and 16.1% lower than in April 2018. This represents the lowest monthly average composite indicator since July 2006 when it reached 88.57 US cents/lb. In April 2019, the daily composite indicator moved within a range of 91.79 US cents/lb and 97.25 US cents/lb. The fall to 91.79 US cents/lb on 17 April was the lowest daily price since 1 August 2006 when it was 88.77 US cents/lb. Market fundamentals are one of the main drivers of the current low prices as coffee year 2018-19 production exceeds consumption by 3.69 million bags. This is the second consecutive season of surplus with a cumulative total of 8.35 million bags.

Prices for all group indicators fell in April 2019, reaching monthly lows last seen 12 to 14 years ago. Colombian Milds observed the smallest month-on-month decline as it fell 0.6% to 124.42 US cents/lb. This is the lowest price for Colombian Milds since July 2007 when it amounted to 120.78 US cents/lb. Other Milds declined by 2.2% to 121.13 US cents/lb, and this level was last observed in December 2008 when it reached 118.97 US cents/lb. As a result of the movements, the differential between Colombian Milds over Other Milds increased by 145.5% to 3.29 US cents/lb, continuing the upward trend that started in March 2019. The price for Brazilian Naturals declined by 3.5% to 92.47 US cents/lb, and Robustas fell by 4.8% to 73.28 US cents/lb. Prices for Brazilian Naturals are at their lowest level since September 2005 when they amounted to 89.48 US cents/lb. However, the Robusta indicator price experienced a more recent low in May 2010 when it reached 70.70 US cents/lb.

In April, the arbitrage between Arabica and Robusta coffees, as measured on the New York and London futures markets rose by 0.1% to 30.25 US cents/lb, following two months of decline. Intra-day volatility of the ICO composite indicator price increased by 0.5 percentage points to 6.2% as the intra-day volatility of Robusta and Brazilian Naturals increased by 1.5 and 0.2 percentage points, respectively. This offset the decline of 0.3 percentage points in the intra-day volatility of Colombian Milds.

In March 2019, world coffee exports amounted to 10.98 million bags, 3.8% lower than in March 2018 as low prices that month discouraged sales. Decreased shipments of Other Milds and Robusta offset growth in Colombian Milds and Brazilian Naturals. Compared to March 2018, exports of Brazilian Naturals increased by 9.7% to 3.11 million bags, and exports of Colombian Milds rose by 14% to 1.32 million bags in March 2019. In contrast, shipments of Robusta fell by 12.1% to 4.19 million bags, and exports of Other Milds decreased by 11.4% to 2.36 million bags.

Global exports in the first half of coffee year 2018-19 reached 63.15 million bags compared to 60.63 million bags in the first six months of 2017-18. For October 2018 to March 2019, shipments of Colombian Milds grew by 8.6% to 7.95 million bags as Colombia’s exports increased by 6.5% to 7.14 million bags during this period. Robusta exports in coffee year 2018-19 fell by 0.9% to 22.07 million bags, while shipments of Other Milds decreased by 10.2% to 11.43 million bags. Exports from the top three exporters of green Robusta fell in the first half of coffee year 2018-19. Shipments of green Robusta from Vietnam decreased by 5.9% to 11.89 million bags, from Uganda by 4.4% to 1.64 million bags and from India by 8.5% to 1.52 million bags. Other Milds exports observed a similar trend as shipments from Honduras, the largest exporter in the group, fell by 15.9% to 2.81 million bags. Exports from Peru and Guatemala, the next two largest shippers of this type, decreased by 1.4% to 2.1 million bags and by 9.4% to 1.1 million bags, respectively. For October 2018 to March 2019, exports of Brazilian Naturals rose by 18.4% to 21.7 million bags, as Brazil’s shipments of green Arabica increased by 22.8% to 18.19 million bags.

For the twelve months to March 2019, Brazilian Naturals, which increased by 12.5% to 38.11 million bags, also drove the growth in global exports for the period. In the same period, Colombian Milds rose by 5.5% to 14.6 million bags and Robusta increased by 2.8% to 45.21 million bags. However, Other Milds fell by 4.9% to 26.8 million bags. The exports in this period coincide with the crop year for a few countries, including Brazil and Indonesia, the world’s largest and fourth largest producers.

Peru, Papua New Guinea and Ecuador are also relevant producers with an April to March crop year. Harvesting of these producers’ 2019-20 crop is already underway with expectations of a fairly large off-year crop in Brazil given the generally favourable weather during the growing season. This is expected to keep the market well-supplied, reducing the possibility of a significant rally later in the year.

Between April 2018 to March 2019, Brazil’s total shipments amounted to 37.13 million bags, 20.6% higher than one year ago. This is also the third highest volume on record for shipments between April and March and represents around 60% of its production in crop year 2018-19. Brazil recorded a new record harvest in crop year March 2018 to April 2019 of 62.5 million bags, 18.5% higher than in 2017-18 and 10.1% higher than in 2016-17, the last on-year crop. The abundant harvest has supplied the market well in the last twelve months, as reflected in Brazil’s increased shipments. The increased volume of exports from Brazil has been encouraged by the depreciation of the Brazilian Real against the US dollar. As can be seen in figure 5, the Real weakened considerably between March 2018 and April 2019. This depreciation increases the return in local currency for Brazilian exporters selling coffee priced in dollars, thereby creating an incentive to release their stocks to the international market. Between April 2014 to February 2016, the Brazilian Real also weakened greatly, its value falling by 43.7% against the US dollar, while Brazil’s exports in crop years 2014-15 and 2015-16 were the two highest volumes on record.

While shipments from Indonesia rose by 37.3% to 475,318 million bags in March 2019 compared to March 2018, its shipments for April 2018 to March 2019 fell by 33.7% to 5.15 million bags. This is the lowest volume of shipments since April 2011 to March 2012. However, supplies were tight at the start of crop year 2018-19 due to the 6.4% decline in production in crop year 2017-18 to 10.8 million bags while exports rose by 12.6% to 7.76 million bags. The limited supplies, coupled with rising domestic demand, currently estimated 2.1% higher than last year at 4.8 million bags, have contributed to the decline in exports in the last 12 months.

Peru’s shipments fell by 2.7% to 3.92 million bags for the 12 months ending March 2019. The largest declines during this period occurred in the first two months of 2019. February 2019 shipments were 28.3% lower than shipments in February 2018. This trend continued in March 2019, where exports amounted to 54,015 bags, 28% lower than in March 2018, despite an increase in production of 2.8% to 4.4 million bags. In the face of unusually low prices in recent months, farmers and exporters may be holding onto coffee, particularly as Peru is at the end of its 2018-19 crop year when supplies are at their lowest.

Exports from Ecuador for the 12 months to March 2019 are 30.7% lower than a year ago, reaching 446,000 bags. Its shipments for April to March have declined in each year since 2012-13 when exports reached 1.58 million bags. Part of the decline is attributed to lower production, particularly after the coffee leaf rust outbreak in 2012-13. However, Ecuador’s coffee sector has also concentrated on value addition through growth of its specialty coffee market as well as rising shipments of soluble coffee. While overall shipments from Ecuador declined steadily in the last six years, the share of its soluble shipments have increased from 71% in 2012-13 to 85% in 2018-19.

In contrast to Peru and Ecuador, exports from Papua New Guinea in April 2018 to March 2019 rose by 26.8% to 928, 369 bags. Papua New Guinea exports nearly all its harvest, and primarily as green coffee, though it does ship small amounts of roasted coffee. The increased shipments in 2018-19 reflect the growth in its output, which is estimated at 950,000 bags, 29.4% higher than in crop year 2017-18.

For more information, visit: www.ico.org.

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