Coffee
Record Sales Volumes
In a volatile market environment marked by supply chain disruptions, the Platform once again registered a robust performance overall. Sales volumes remained at the record levels achieved in the previous two years, despite low farmer selling in Brazil, driven by strong commercial performance across Asian and West Latin American origination markets, especially in India, Indonesia, Vietnam, Colombia and Mexico.
Forward Thinking
A strong destination presence and proximity to customers helped the Platform anticipate needs while navigating a complex ocean freight market, macroeconomic uncertainties and price volatility.
Strengthening Sustainability
We successfully launched a new five-year Coffee Sustainability Strategy, including our Stronger Coffee Initiative. This seeks to support the production of certified and verified coffee from new and existing farmers in our global network, by driving coalition-led investments that facilitate farmers’ access to markets and training, support strong coffee communities, restore soils and tackle climate change – ultimately bolstering global supply chain resilience.
Ben Clarkson
Head of Coffee
“The new coffee sustainability strategy we announced in 2022 builds on the team’s ongoing efforts to support and empower coffee grower communities around the world. It draws on four interconnected pillars which, combined, support the production of certified and verified coffee by 50,000 new and existing farmers in our network.”
More Coffee Highlights
Enlarged origination network through strong supplier partnerships in key producing countries, which was key to executing 2022 flows.
Continued to expand in both leading and new markets with a growing sales team and a diverse portfolio of coffees, which offer increased quality and blending options.
Grew soluble coffee marketing activities and our presence in the valued-added coffee segment, which supported our strategic objectives and downstream expansion.
Broke ground on our soluble coffee production joint venture facility in Vietnam, which is on track for completion and start of commercial operations in 2023.
Initiated first phase of expansion at our Varginha asset, Minas Gerais State, Brazil, aiming to increase storage capacity, improve operational efficiency and process automation, making it a state-of-the-art facility.
In Mexico, we concluded the capacity expansion of our El Cofre plant, in Veracruz, along with a photovoltaic system that ensures 80% of the plant’s energy supply comes from renewable sources.
Top 3
Global green coffee trader
486
Number of solar panels installed at El Cofre plant
72
Coffee sustainability employees dedicated to farmer and customer support
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