C Ocoa Producers' a Lliance In-H Ouse C Ocoa N Ew Sletter
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CCOOPPAALL CCOOCCOOAA IInnffoo A Weekly Newsletter of Cocoa Producers' Alliance Issue o. 333 27 th April – 1st May 2009 Cocoa Newsletter Cocoa Cocoa Producers' Alliance Alliance Producers' Cocoa In-House UP-COMING EVENTS IN THIS ISSUE INSIDE THIS ISSE: International Workshop on Cocoa Policies, Market Reforms • ICCO DAILY COCOA PRICES and Level of Implementation of COPAL Scientific Research • LONDON (LIFFE) FUTURES MARKET Workshop Recommendations, Salvador, Bahia, Brazil UPDATE 15 th – 19 th June, 2009 • NEW YORK (ICE) FUTURES MARKET UPDATE • FROM THE NEWS MEDIA • TIT BITS Do your health a fafavour,vour, drink Cocoa everyday ‘It’s nature’s miracle food’ In the News (from Newspapers worldwide) Health and utrition • ETF Focus: Cocoa, tin, Hong Kong • Chocolate coconut slice • Ivory Coast’s Cocoa Mid-Crop may be smaller • Most important facts about chocolate due to Poor Weather • Cocoa bean mulch danger • Farmers ask Government to entrust sale of fertilizer to Food and Agriculture offices Production and Quality • Pataxte,(Theobroma Bicolor):Real White • DJ Nigeria draws up 10-year Plan to increase Cocoa Chocolate Of The Maya? Production • DJ Indonesia Cocoa Export demand likely to • Bamenda: Coffee-cocoa stakeholders meet to fall this Yr-Traders overhaul the sector • Nigeria: Ondo to activate Cocoa Factory • Nestle to help Ivory Coast plant cocoa trees • Hershey inks deal with Barry Callebaut for Van Houten The Market • Coffee, Cocoa Prices Fall, Flu Outbreak Weighs Labour Issue • SOFTS-Flu pandemic fears depress markets • Cocoa processing company sends 3000 • SOFTS-Cocoa falls on stronger pound, sugar eyes workers home expiry • Chocolate Injustice • DJ SW Cameroon Cocoa Up to XAF1,000/Kg On Steady Supply –Trade Environmental Issues • Processing & Manufacturing • Research & Development • Nestle Opens R&D Centre in West Africa to Business & Economy improve local Agricultural Crops • PBC records 28.7% increase in profit • Punta Cana keeps it sustainable Promotion • Amazingly Fresh Organic and Raw Chocolate • • DJ UPDATE: Fuel shortage hits Cocoa Industry in SW Nigeria –Traders Others • Ask Dr. Denton: What About Chocolate? • Bougainville on guard to stop PNG cocoa pest • Commodities may Shrug Off Flu Scare, Absent Pandemic ICCO Daily Cocoa Prices ICCO daily price ICCO daily price London futures New York futures (SDR/tonne) ($US/tonne) (£/tonne) ($US/tonne) 27th April 1644.80 2454.83 1713.33 2395.00 28th April 1656.94 2465.70 1729.00 2405.67 29th April 1655.34 2480.27 1719.00 2416.00 30 th April 1639.56 2455.78 1701.33 2393.67 1st May - - - - Average 1649.00 2464.00 1716.00 2403.00 COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 2 Email: [email protected] Website: www.copal-cpa.org International Financial Futures and Options Exchange (LIFFE) London Futures Market – Summary of Trading Activities (£ per tonne) Monday 27th April 2009 Month Opening Trans Settle Change Daily High Daily Low Volume May 2009 1814 1798 -33 1814 1790 1,164 Jul 2009 1735 1722 -35 1742 1716 1,728 Sep 2009 1725 1710 -33 1731 1710 470 Dec 2009 1725 1708 -29 1725 1705 468 Mar 2010 1718 1705 -29 1721 1708 289 May 2010 1704 1703 -27 1710 1704 168 Jul 2010 1710 1708 -27 1716S 1709S 128 Sep 2010 1709 1708 -28 1709S 1709S 5 Dec 2010 1705 -32 0 Mar 2011 1706 -32 0 Average/Totals 1717 4,420 Tuesday 28th April 2009 Month Opening Trans Settle Change High Low Volume May 2009 1797 1807 9 1816S 1793 2,762 Jul 2009 1722 1738 16 1742 1721 4,149 Sep 2009 1717 1728 18 1730 1716 647 Dec 2009 1708 1721 13 1725 1707S 644 Mar 2010 1710 1718 13 1721 1709S 374 May 2010 1718 1716 13 1718S 1705 118 Jul 2010 1710 1718 10 1715 1710 43 Sep 2010 1718 10 0 Dec 2010 1715 10 0 Mar 2011 1716 10 0 Average/Totals 1730 8,737 Wednesday 29th April 2009 Month Opening Trans Settle Change High Low Volume May 2009 1797 1790 -17 1800 1773 1,598 Jul 2009 1726 1725 -13 1736 1707 4,144 Sep 2009 1716 1719 -9 1726 1700 970 Dec 2009 1710 1713 -8 1721 1699 1,930 Mar 2010 1715 1709 -9 1715 1694S 710 May 2010 1702 1709 -7 1702S 1702S 250 Jul 2010 1709 -9 0 Sep 2010 1709 -9 0 Dec 2010 1706 -9 0 Mar 2011 1707 -9 0 Average/Totals 1720 9,602 COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 3 Email: [email protected] Website: www.copal-cpa.org Thursday 30th April 2009 Month Opening Trans Settle Change High Low Volume May 2009 1799 1774 -16 1804 1773 2,036 Jul 2009 1730 1707 -18 1739 1706 4,741 Sep 2009 1723 1701 -18 1732 1700 939 Dec 2009 1721 1696 -17 1726 1695 1,459 Mlar. 2010 1720 1692 -17 1720 1693 328 May 2010 1720 1692 -17 1720S 1720S 500 Jul 2010 1711 1692 -17 1711S 1711S 2 Sep 2010 1700 1690 -19 1710S 1700 609 Dec 2010 1687 -19 0 Mar 2011 1687 -20 0 Average/Totals 1702 10,614 Friday 1st May 2009 Month Opening Trans Settle Change High Low Volume May 2009 1774 1730 -44 1774 1732 981 Jul 2009 1706 1672 -35 1710 1669 3,306 Sep 2009 1700 1669 -32 1704 1668 1,323 Dec 2009 1695 1662 -34 1697 1659 1,492 Mar 2010 1692 1660 -32 1695 1655 700 May 2010 1680 1661 -31 1694 1656S 137 Jul-10 1692 1663 -29 1696 1680 91 Sep 2010 1690 1661 -29 1690 1682 308 Dec 2010 1658 -29 0 Mar 2011 1658 -29 0 Average/Totals 1669 8338 Average for the week 1669 8342 41,711 COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 4 Email: [email protected] Website: www.copal-cpa.org ew York Board of Trade (ew York Futures Market – Summary of Trading Activities) (US$ per tonne) Monday 27th April 2009 Month Open Price Change High Low Volume May 2009 2399 2368 -61 2400 2356 17 Jul 2009 2431 2381 -70 2431 2369 3,636 Sep 2009 2414 2390 -68 2417 2378 935 Dec 2009 2413 2403 -69 2419 2394 174 Mar 2010 2410 2415 -68 2425 2405 41 May 2010 0 2415 -68 0 0 1 Jul 2010 0 2423 -66 0 0 44 Sep 2010 2428 2420 -68 2428 2428 Dec 2010 0 2426 -66 0 0 Mar 2011 2448 2426 -66 2448 2448 Average/Totals 2407 4848 Tuesday 28th April 2009 Month Open Price Change High Low Volume May 2009 2389 2380 12 2389 2372 52 Jul 2009 2369 2404 23 2415 2367 4136 Sep 2009 2383 2416 26 2423 2379 602 Dec 2009 2400 2427 24 2425 2400 183 Mar 2010 2422 2440 25 2436 2422 71 May 2010 0 2440 25 0 0 Jul 2010 0 2448 25 0 0 Sep 2010 0 2445 25 0 0 1 Dec 2010 0 2451 25 0 0 Mar 2011 0 2451 25 0 0 1 Average/Totals 2430 5046 Wednesday 29th April 2009 Month Open Price Change High Low Volume May 2009 2370 2379 -1 2370 2370 2 Jul 2009 2408 2403 -1 2429 2376 3,741 Sep 2009 2406 2417 1 2433 2390 1,350 Dec 2009 2420 2431 4 2447 2410 409 Mar 2010 2434 2447 7 2442 2424 472 May 2010 0 2453 13 0 0 12 Jul 2010 0 2468 20 0 0 0 Sep 2010 0 2476 31 0 0 99 Dec 2010 0 2476 25 0 0 0 Mar 2011 0 2476 25 0 0 0 Average/Totals 2443 6085 COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 5 Email: [email protected] Website: www.copal-cpa.org Thursday 30th April 2009 Month Open Price Change High Low Volume May 2009 0 2345 -34 0 0 4 Jul 2009 2425 2375 -28 2444 2367 7,236 Sep 2009 2446 2390 -27 2454 2384 791 Dec 2009 2460 2404 -27 2470 2395 787 Mar 2010 2479 2420 -27 2479 2419 373 May 2010 0 2431 -22 0 0 1 Jul 2010 2450 2445 -23 2450 2450 36 Sep 2010 0 2465 -11 0 0 2 Dec 2010 0 2461 -15 0 0 0 Mar 2011 2450 2461 -15 2450 2450 564 Average/Totals 2420 9,794 Friday 1st May 2009 Month Open Price Change High Low Volume May 2009 2290 2301 -44 2290 2290 4 Jul 2009 2371 2324 -51 2395 2300 6216 Sep 2009 2386 2340 -50 2407 2322 791 Dec 2009 2400 2354 -50 2425 2333 787 Mar 2010 2430 2369 -51 2433 2370 373 May 2010 0 2382 -49 0 0 1 Jul 2010 0 2397 -48 0 0 36 Sep 2010 0 2406 -59 0 0 2 Dec 2010 0 2410 -51 0 0 Mar 2011 0 2410 -51 0 0 1 Average/Totals 2369 8211 Average for the week 2382 1642 1806 Spot Prices (US $ per tonne) 27th April 28th April 29th April 30 th April 1st May Main Crop Ghana, Grade 1 2884 2901 2886 2858 2802 Main Crop Ivory Coast, Grade 1 2704 2724 2721 2693 2621 Main Crop Nigerian, 1 2689 2711 2711 2683 2609 Superior Arriba 2543 2547 2540 2512 2441 Sanchez f.a.q 2636 2642 2641 2613 2566 Malaysian 110 2368 2401 2386 2358 2274 Sulawesi f.a.q 2443 2456 2465 2437 2369 Ecuador Cocoa Liquor 3564 3630 3605 3563 3401 Pure Prime Press African Type Cocoa Butter 5373 5289 5287 5225 5306 10/12% Natural Cocoa Press Cake 1603 1739 1714 1694 1844 Source: Cocoa Merchant Association COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, P.O.