Strong Earnings
The Coffee Platform registered one of the highest levels of earnings before tax in its history, with a good balance across revenue streams and most regions delivering above targets.
Global Sales Growth
We continued to expand into new sales markets, notably in China. Along with record sales volumes into North America, this drove a 35% year-on-year growth in global sales volumes.
Investment Downstream
We invested further downstream, boosting our Zephyr specialty coffee brand to a five-year sales high and setting up an instant coffee trading unit that booked its first business in 2020.
Ben Clarkson
Head of Coffee
“We are committed to responsible coffee sourcing globally, by investing in the development and livelihood of the farming communities whose resilience is the key to a sustainable future of coffee.”
More Coffee Highlights
We continued working with roaster partners and non-profit organizations on 15 coffee sustainability initiatives promoting good agricultural practices, agroforestry and conservation among farming communities. These have benefited 36,000 people to date, since 2015.
We strengthened our edge in trading by modernizing our research activities with a new data science platform and interface, supporting analysis streams and introducing new automation capabilities.
LDC Logistics Vietnam coffee warehouse in Binh Duong province is now our largest coffee asset, reinforcing our capacity to offer global customers comprehensive logistics solutions.
We developed a joint venture distribution operation in China with Kunshan Yiguo, which gives us access to almost 800 domestic Chinese coffee company customers.
Top 5
green coffee merchant globally
>35%
year-on-year growth in global sales volumes
65,000m²
facility area at LDC Logistics Vietnam warehouse
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Innovation
We continued to embrace innovation to drive new business, operational efficiency, workplace safety and supply chain sustainability.
Sustainability
We continued to reinforce the mechanisms, processes and governance structures that embed responsible practices in all our activities, working to create fair and sustainable value.
Europe, Middle East & Africa
Strong performance across business lines, especially in Grains & Oilseeds, Coffee and Rice, and strides for sustainable expansion
North Asia
Record earnings before tax, strategic partnerships to build new assets, and new moves downstream with an expanded product portfolio
North America
Positive business performance overall, and significant investment in assets to improve efficiency, increase capacity and expand our product portfolio
North Latin America
Strong performance supported by record origination volumes for key crops, extensive investments in operational assets and progress for traceability.
South & Southeast Asia
Exceptional performance in Sugar, Coffee, Rice and Grains & Oilseeds product lines, continued operational expansion and new advances in palm oil traceability.
South & West Latin America
Positive results across all business lines, particularly in Grains & Oilseeds and Global Markets, driving efficiency and new business through automation and digitization.