CCOOPPAALL CCOOCCOOAA IInnffoo A Weekly Newsletter of Cocoa Producers' Alliance Issue No. 217 5th – 9th February 2007 ICCO Daily Cocoa Prices ICCO daily London New York price futures Futures (US$/tonne) (£/tonne) (US$/tonne) th 5 February 1726.23 912.67 1666.33 th 6 February 1741.19 914.67 1684.00 th 7 February 1791.71 942.67 1729.00 th 8 February 1814.57 957.00 1757.00 th 9 February 1804.22 955.67 1746.67 Average 1776.00 937.00 1717.00 Up-comingNewsletter Cocoa Events 34 TH EXTRAORDINARY GENERAL ASSEMBLY, 9 TH MARCH 2007, KUALA LUMPUR, MALAYSIA In the News : INSIDE THIS ISSUE : Cocoa Producers' Alliance Alliance Producers' Cocoa - Uganda: Cocoa Earnings Reach $12m - Nigeria: Cocoa Output up 18 pct/yr to 400,000T in 2006 ICCO DAILY COCOA In-House - This Valentine's Day, Your Heart Will Love You PRICES - Cocobod to institute incentive for top grade cocoa producers UP-COMING EVENTS - Obasanjo reiterates commitment to cocoa production - RI, Coabisco agree to develop cocoa-based industries LONDON & NEW YORK - Sweet on Valentine's Day? Say it with chocolate FUTURES MARKETS UPDATE - Be Choosy About Your Chocolate - Chocolate may be good for heart in two ways SPOT PRICES - 2006, year of agricultural renewal – Minister NEWS - Barry Callebaut boosts Ghana cocoa production - Masterfoods to Stop Targeting Children Younger than 12 TIT- BITS ORDER FORM -14 TH INTERNATIONAL Have you had your cocoa today? COCOA REASEARCH CONFERENCE COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, 1 P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 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 5th February 2007 Month Opening Trans Settle Change Daily High Daily Low Volume Mar 2007 886 896 4 899 869 5,194 May 2007 905 914 5 916 887 2,344 Jul 2007 910 928 5 930 904 865 Sep 2007 915 941 7 943S 915 138 Dec 2007 919 940 8 943 913 140 Mar 2008 918 946 7 948S 918 130 May 2008 955 955 7 955S 955S 5 Jul 2008 964 7 0 Sep 2008 973 7 0 Dec 2008 979 7 0 Totals 944 8,816 Tuesday 6th February 2007 Month Opening Trans Settle Change High Low Volume Mar 2007 896 898 2 906 896 4,886 May 2007 915 916 2 924 914 3,932 Jul 2007 928 930 2 938S 928 230 Sep 2007 945 943 2 948 944 116 Dec 2007 944 941 1 948 941 143 Mar 2008 950 947 1 954 948 182 May 2008 956 1 0 Jul 2008 965 1 0 Sep 2008 974 1 0 Dec 2008 980 1 0 Totals 945 9,489 Wednesday 7th February 2007 Month Opening Trans Settle Change High Low Volume Mar 2007 900 926 28 927 898 13,076 May 2007 918 944 28 946 917 7,853 Jul 2007 932 958 28 960 931S 2,463 Sep 2007 947 971 28 970 945 1,926 Dec 2007 946 970 29 972 944 1,531 Mar 2008 952 973 26 973 952 612 May 2008 963 980 24 963 963 3 Jul 2008 979 989 24 984S 979 14 Sep 2008 988 997 23 996 988 29 Dec 2008 1005 1005 25 1005 1005 12 Totals 971 27,519 COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, 2 P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 Email: [email protected] Website: www.copal-cpa.org Thursday 8th February 2007 Month Opening Trans Settle Change High Low Volume Mar 2007 930 942 16 944 929 8,723 May 2007 948 958 14 960 947 6,521 Jul 2007 963 971 13 973 962S 1,402 Sep 2007 979 984 13 986 975S 504 Dec 2007 973 983 13 985 972S 752 Mar 2008 973 989 16 990 973 552 May 2008 997 17 0 Jul 2008 1005 16 0 Sep 2008 1007 1014 17 1007 1007 2 Dec 2008 1016 1019 14 1016 1016 15 Totals 986 18,471 Friday 9th February 2007 Month Opening Trans Settle Change High Low Volume Mar 2007 945 940 -2 948 931 4,166 May 2007 961 957 -1 964 948 3,045 Jul 2007 975 970 -1 977 963 453 Sep 2007 990 983 -1 990 976 206 Dec 2007 988 980 -3 988 974 189 Mar 2008 990 987 -2 990 979 481 May 2008 993 995 -2 993 993 2 Jul 2008 1005 0 0 Sep 2008 1011 -3 0 Dec 2008 1025 1026 7 1026 1025 11 Totals 985 8,553 Average for the week 966 14570 Total for the week 72,848 COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, 3 P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 Email: [email protected] Website: www.copal-cpa.org New York Board of Trade (New York Futures Market – Summary of Trading Activities) (US$ per tonne) Monday 5th February 2007 Month Open Price Change High Low Volume Mar 2007 1610 1618 1634 3 1640 1610 6194 May 2007 1652 0 1671 5 1675 1650 6969 Jul 2007 0 1675 A 1694 5 1700 1674 344 Sep 2007 0 0 1714 5 1701 1701 203 Dec 2007 0 0 1734 5 1739 1718 246 Mar 2008 0 0 1754 6 0 0 0 May 2008 0 0 1773 6 0 0 0 Jul 2008 0 0 1795 5 0 0 0 Sep 2008 0 0 1818 5 0 0 0 Dec 2008 0 0 1830 6 0 0 0 Totals 1742 13956 Tuesday 6th February 2007 Month Open Price Change High Low Volume Mar 2007 1637 1642 1653 19 1660 1637 10060 May 2007 1675 1680 1689 18 1696 1675 8623 Jul 2007 1700 B 1710 A 1713 19 1715 1700 591 Sep 2007 0 0 1733 19 0 0 27 Dec 2007 0 0 1754 20 1756 1752 824 Mar 2008 0 0 1773 19 0 0 0 May 2008 0 0 1791 18 0 0 3 Jul 2008 0 0 1814 19 0 0 0 Sep 2008 0 0 1837 19 0 0 0 Dec 2008 0 0 1851 21 0 0 60 Totals 1761 20188 Wednesday 7th February 2007 Month Open Price Change High Low Volume Mar 2007 1664 1666 1697 44 1698 1664 10930 May 2007 1702 1705 1733 44 1734 1699 15344 Jul 2007 1722 0 1757 44 1758 1722 1659 Sep 2007 1742 B 1748 A 1778 45 1783 1742 2316 Dec 2007 0 0 1799 45 1799 1779 480 Mar 2008 0 0 1818 45 0 0 200 May 2008 0 0 1834 43 0 0 0 Jul 2008 0 0 1848 34 0 0 0 Sep 2008 0 0 1869 32 1857 1844 29 Dec 2008 0 0 1890 39 1876 1876 12 Totals 1802 30970 COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, 4 P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 Email: [email protected] Website: www.copal-cpa.org Thursday 8th February 2007 Month Open Price Change High Low Volume Mar 2007 1710 1715 1727 30 1730 1702 8649 May 2007 1744 1745 1761 28 1763 1735 12942 Jul 2007 1765 B 1775 A 1784 27 1790 1761 1597 Sep 2007 1785 0 1806 28 1806 1780 629 Dec 2007 0 0 1826 27 1823 1809 259 Mar 2008 0 0 1844 26 1843 1828 819 May 2008 0 0 1862 28 0 0 0 Jul 2008 0 0 1877 29 1863 1862 68 Sep 2008 0 0 1899 30 1874 1874 2 Dec 2008 0 0 1918 28 1913 1892 37 Totals 1830 25002 Friday 9th February 2007 Month Open Price Change High Low Volume Mar 2007 1705 1709 1717 -10 1725 1701 9593 May 2007 1743 1750 1751 -10 1758 1732 13098 Jul 2007 1765 0 1775 -9 1779 1756 1628 Sep 2007 0 0 1796 -10 1796 1786 1247 Dec 2007 0 0 1816 -10 1813 1798 272 Mar 2008 0 0 1834 -10 1834 1820 601 May 2008 0 0 1852 -10 0 0 0 Jul 2008 0 0 1868 -9 1855 1855 32 Sep 2008 0 0 1890 -9 0 0 0 Dec 2008 0 0 1909 -9 1902 1900 11 Totals 1821 26482 Average for the week 1791 29150 Total for the week 116,598 Spot Prices (US $ per tonne ) 5th February 6th February 7th February 8th February 9th February Main Crop Ghana, Grade 1 2019 2038 2052 2112 2102 Main Crop Ivory Coast, Grade 1 1907 1926 1940 2000 1990 Main Crop Nigerian, 1 1894 1913 1927 1987 1977 Superior Arriba 2427 2446 2460 2520 2510 Sanchez f.a.q. 1891 1910 1924 1984 1974 Malaysian 110 1636 1655 1669 1729 1719 Sulawesi f.a.q. 1674 1693 1707 1767 1757 Ecuador Cocoa Liquor 3192 3229 3256 3373 3354 Pure Prime Press African Type Cocoa Butter 4363 4414 4451 4611 4584 10/12% Natural Cocoa Press Cake 850 860 867 898 893 Source: Cocoa Merchants’ Association COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, 5 P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234(0)1-263-5574 FAX: +234(0)1-263-5684 Email: [email protected] Website: www.copal-cpa.org News Uganda: Cocoa Earnings Reach $12m New Vision (Kampala) February 6, 2007 Macrines Nyapendi Kampala COCOA export earnings increased to $11.6m (sh21b) last year from $8.7m (sh16b) in 2005, industry sources have said.