SPICE UPDATE  
 

Cinnamon: Prices began moving up during Q4 of 2012 and appreciated almost 15% before stabilizing in April of this year. Since then we have witnessed a slight correction (- 2 %). With the rainy season coming to an end, it is unlikely prices should rise again and unless there is a sudden strong demand for bark, prices should keep falling another 2 - 3 %.

Nutmeg & Mace: North Sulawesi and the neighboring islands of Siau and Sangihe account for around half of all Indonesia’s exports. The volume of exports is estimated at around 3,500 MT in 2012 but exporters feel volume could drop by as much as 500 MT in 2013, mainly due to quality issues (EC restrictions related to Aflatoxin levels). Prices have been quite stable over the last 6 months.

Cloves: After soaring up to US$ 28/Kg back in 2011, prices have shown more stability hovering between $12-13 US per kg. Clove traders would like to drive prices to US$ 15/Kg but local cigarette companies combining sufficient inventory with wise purchasing strategy have so far made all the right moves and prices have remained stable. A lot will now depend on the upcoming crop, which will run from May through September. ~Olivier B

 
 
 

VANILLA UPDATE

 

NEW PRODUCT: GREEN TEA

 

After years of depressed prices, vanilla is finally appreciating itself.

In recent months, we have witnessed a sharp increase in prices due to low stock availability. Shippers in Madagascar have had real problems getting the necessary volume needed to fulfill their contracts and therefore have started a local bidding war that has resulted in a price increase of more than 100%. The good thing is that the vanilla prices were so low that today’s increased prices are still within range. Our past experience is that when vanilla was around $50 US/Kg we saw an interest from a lot of different origins to grow and the quality then improves. The 2012 Madagascar crop has now been all sold and we are going to have to wait until the 3rd quarter of this year to see any new crop. Even though every vanilla report for the past 5 years has predicted this price increase, we have seen a reluctance from buyers to commit early, which might cause them to resort to buying on the spot during summer at high prices. This sharp increase in Madagascar has obviously had impact with other origins. Indonesian, speculators that had taken a position a few years back have now started moving some lots but the quality is poor and the flavor is bad (vanilla traders in Indonesia often play with cloves and store the 2 commodities in same warehouse, therefore affecting the vanilla’s flavor). With higher price we hope that PNG will be back in the game.

Crystal ball section
It’s our belief that within the next few months buyers will pressure their suppliers to ship early, creating a negative impact upon the crop. We predict an initial of 20% increase from today’s price that will stabilize itself if the crop can fulfill all its contracts. We can see two potential Jokers to stabilize the price: Inventory in Europe still estimated at over 500MT will start being offered, which will ease the pressure. With Indo/PNG’s high quality in the fifties, these two origins will be pulled back in the game. PNG has been really quiet these past 5 years, but the vines are still very healthy and could easily come back in the market with a huge crop if the price is right.

Conclusion
Vanilla prices are currently at ideal level for us to see farmers and shippers around the world motivated tending to this complicated trade. Stable vanilla prices ultimately means good news. The worst that could happen now is that prices start spiraling out of control and further damage this delicate trade. ~Francois B

Green tea originated in China, but has become closely associated with many cultures throughout Asia. Green tea has recently become more widespread in the West, where black tea was traditionally consumed. Green tea is made from the leaves of the Camellia sinensis plant, which undergoes minimal oxidation during processing.

Over the last few decades, green tea has been subjected to many scientific and medical studies to determine the extent of its long-purported health benefits, with some evidence suggesting that regular green tea drinkers may have a lower risk of developing heart disease and certain types of cancer. Although green tea does not raise the metabolic rate enough to produce immediate weight loss, a green tea extract containing polyphenols and caffeine has been shown to induce thermogenesis and stimulate fat oxidation, boosting the metabolic rate 4% without increasing the heart rate.

Flavonoids are a group of phytochemicals present in most plant products that have proven health benefits due to their anti-oxidative and anti-carcinogenic attributes.

The flavonoids found in just one cup of green tea is higher than that in the same volume of other drinks that are traditionally considered to contribute better health, including fresh fruits & vegetable juices or wine. The content of flavonoids however does vary dramatically amongst different tea products.

Green tea also contains a variety of beneficial properties including enzymes, amino acids, carbohydrates, lipids, sterols, polyphenols, carotenoids, tocopherols, vitamins, caffeine, phytochemicals and dietary minerals.


Tripper’s Green Tea Extract is 100% extracted from Indonesian green tea leaf. It contains no preservatives and is Halal certified. Green tea extract is a thick water-soluble liquid with a dark green color and has a characteristic tea-like odor. It has an application in the beverage, bakery, personal care, dairy and confectionary industry. ~Dewi G

 
 

6 MONTHS FROM HARVEST

TRIPPER is committed to shipping you the absolute freshest products and we guarantee it.
With TRIPPER being on location, it means we are in a unique position to be able to see the product through from the beginning to end (sourcing only from select growers, easily tracking all our products and processing quickly to keep ultimate freshness).
We are committed to oversee every aspect of our manufacturing... unlike other spice companies, we don't stockpile or purchase from traders where origin, age and quality cannot be monitored.
From processing to final delivery TRIPPER gives you the confidence and peace of mind to know that you are always giving your customer the absolute best. ~Francois B

 

ISLAND OF THE GODS

Tripper has recently added a line of 4 new premium pastes under its newly created “ISLAND OF THE GODS”. This new line includes Vanilla, Chili, Cinnamon and Ginger and comes as a thick liquid texture (paste) with strong aroma and taste. The pastes are all natural and without any preservatives, emulsifiers or antioxidants.
ISLAND OF THE GODS pastes have a shelf life of 1 year and come packaged in a quart bottle (0.946 L) in a case containing 12 quarts. The new line, suitable for application in syrup, confectionary, bakery and seasonings is targeted at the food service industry, but we hope will find its way into both the retail and wholesale markets. This new line of pastes pays homage to the production source here in Bali, where the religious and daily life of the Balinese is intricately entwined.

 
 

 

The paste forms a key ingredient in the characteristic Balinese flavor in foods, which is traditionally ground using a mortar and pestle. Balinese Hinduism focuses on the delicate balance between Gods in harmony with evil spirits, each of which is as important as the other. One outlet of this creative flair of worship is displayed in the hours spent preparing flower & food offerings, which are then offered to the Gods. ~Dewi G

 
 

CORPORATE SOCIAL RESPONSIBILITY:
ORPHANAGE

On March 23rd, a group of “Troopers” visited a Orphanage in Singaraja, Nothern Bali. The orphanage was founded in 1991 by a teacher, Mr. Ketut, and is home for 35 children. With the child labor occurring in these remote areas, the children were subjected to unhealthy circumstances and Mr. Ketut was moved by the plight of these children. He built a house to provide them with a stable caring environment and uses his skills to teach the children who live there. Kids who started off at primary school level with Mr. Ketut are currently enrolled in secondary public schools nearby.

TRIPPER believes that empowerment is one of many avenues to success and the most important thing is to provide opportunities. Our contribution is small compared to Mr. Ketut’s dedication and attention to these children, but we would like to let them know that we care and will continue to support them in ways that we can.
~Meidy V. For more pictures, click here.

 

10 FACTS & FIGURES
ABOUT INDONESIA

1. Archipelago of more than 17,000 islands.
2. World’s Fourth largest population.
3. 3rd largest democracy in the world, after USA and India.
4. By 2020, the middle class should reach 141 million people.
5. More than 50 % of this middle class lives on one island: Java.
6. Economic growth over 6 % per annum.
7. Domestic consumption represents 55% of GDP.
8. More than 50 million Facebook users (4th largest worldwide).
9. 29 million Twitter accounts (5th largest worldwide).
10. 50 % of households do not own a refrigerator.
~Olivier B

 
       
   
       
  For more information, please visit:
www.tripper.com
For pricing or other sales related inquiries, please contact us at:
info@tripper.com