The Food Ingredients Asia Show is held annually and
alternates between major capitals…Thailand, China and
Indonesia. This year the FIA Show was held over 3 days
(Oct.03-05) at the Jakarta International Expo site, with
296 exhibitors participating from many countries and
9361 food professionals attending.
FOOD INGREDIENTS ASIA
(FIA) 2012
The
Food Ingredients Asia Show is held annually and
alternates between major capitals…Thailand, China and
Indonesia. This year the FIA Show was held over 3 days
(Oct.03-05) at the Jakarta International Expo site, with
296 exhibitors participating from many countries and
9361 food professionals attending.
Tripper's participation as an exhibitor was focused on
expanding on the increasing opportunities on its
doorstep of an expanding Asian market. The FIA
statistics indicates that 85% of visitors have an
involvement in the purchasing process.
Our participation brought positive
results establishing new contacts with traders,
distributors and end users from across the Asian region,
hopefully leading to new sales and expanding our global
presence beyond our established markets in Northern
America and Europe. The show provided the opportunity to
increase our knowledge of the big players in the region
and to focus on finding local agents or distributors to
assist in market penetration. Most exhibitors at the
show concentrated on the sale of chemically produced
flavoring.
Tripper's
expertise lies in dealing exclusively in the production
of all natural products with a quality policy aimed in
meeting or exceeding customer expectation, and this was
the prime message we hoped visitors walked away with.
Samples of our spices were made in cookies & candy
which met with the approval of our visitors who
appreciated the natural taste, free of chemical
flavorings. Many visitors to our booth also remarked it
was the first time they had ever actually seen a vanilla
bean or the bark of unprocessed cinnamon straight from
the tree.
Our first experience participating in
the show was extremely positive, with face to face
contact enabling the effective promotion of our product
to many new potential customers. We updated our
knowledge of the latest technology available and shared
local & global market information with other spice
companies as well. Tripper will definitely be present at
the even larger FIA China Show, to be held from June
25-27 in Shanghai, 2013.
During September and October, large
cinnamon buyers in Padang, Sumatra are demonstrating their need to
fulfill future contracts by doing a "buka gudang" (opening their
warehouse). Word quickly gets around to cinnamon suppliers in the
Kerinci region that company "X" is seeking 1,000MT of bark. This sudden
seasonal demand, combined with the onset of the rainy season are the
reasoning behind a slight price increase at origin. Buyers quickly reach
their quota, and again "tutup gudang" (closing their warehouse) and the
buying stops usually before the new year.
SPICE
REPORT:CINNAMON
Prices at source drop again. Tripper's
purchase model is different, as we continuously buy
non-stop 52 weeks a year.
Unlike those large buyers who store their inventory for months on end,
TRIPPER has a policy of keeping bark no more than one month, to prevent
any significant reduction in the volatile oil which can quickly diminish
in storage. We buy, store, and process immediately. Using fresh cinnamon
bark ensures our DRAGON cinnamon has the unique sweet and spicy profile
that our customers enjoy.
SPICE REPORT:VANILLA
Increasing demand is likely
the underlying factor in this year's price rise with exporters pushed to
meet their orders. I'm not about to attempt to predict quantity or price
into 2013.
Indonesia has been consistently producing around 100MT for the past 5
years, mainly from the islands of Northern Sulawesi and Flores (north
& east of our processing facilities in Bali). The quality of the
beans is spread across a good mix of grades, with 50% of the crop having
a vanillin content averaging apx 1.5%. The remaining crop is premature
material.
Stubborn traders hoping or
expecting unreasonable prices hold an estimated 100MT of very poor
stock, dry and contaminated by other spices transmitted through trader
warehouses over the years. Carry-over stock of quality vanilla is very
limited.
Papua's vanilla output remains close to zero with a minimal output for
more than 4 years, however the vines are still healthy. A fast recovery
of output could occur if prices rise sufficiently to encourage renewed
production.
Any article on Indonesia and PNG vanilla has
to first address Madagascar's crop, which for 2012 appears to be
good in terms of quality, with the initial crop analysis
expected shortly and an estimated output between 1500-1800MT for
the year. Prices are going up every week, and will prove to be
50% or more expensive than last year's crop, although prices
remain historically low.
If prices in
Madagascar keep increasing, Indonesian farmers will likely be slow in
reverting back to vanilla production with a lot of producing areas
having moved on to alternative crops such as cacao, ginger, and chili.
Indonesia's smaller crop coupled with increasing demand pressures means
Indonesian vanilla still gains a slight premium in price over its
African counterpart.
Jan 20 -
22, 2013
MOSCONE CENTER
Booth #2533
747 Howard Street
San Francisco, CA 94103
ISLAND OF THE
GODS
TRIPPER
INTRODUCES A NEW LINE OF PREMIUM PASTES
Tripper has recently added a line of 4 new premium pastes under its
newly created “ISLAND OF THE GODS” brand
line. This new line includes Vanilla, Chili, Cinnamon and Ginger and
comes as a thick liquid texture (paste) with a 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) with a case containing 12 quarts. The new line,
suitable for application in syrups, confectionery, bakery and
seasoning, 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 people is
intricately entwined. The paste forms a key ingredient in the
characteristic Balinese flavor in foods such as Lawar and is
traditionally ground using a mortar and pestle.
Balinese
beliefs focus on their gods and goddesses, and maintaining harmony with
good and bad spirits. The island is well known for its creativity
evidenced in its distinctive arts and culture. One outlet of this
creative flair is displayed in the hours spent preparing flowers and
food offerings presented in their many religious ceremonies, the food
being eaten once the gods have taken the essence of the offering.