CCOOPPAALL CCOOCCOOAA IInnffoo A Weekly Newsletter of Cocoa Producers' Alliance Issue o. 350 24 th – 28 th August 2009 Cocoa Newsletter Cocoa Cocoa Producers' Alliance Alliance Producers' Cocoa In-House UP-COMING EVENTS IN THIS ISSUE INSIDE THIS ISSE: The 2 nd Victor Iyama Cocoa Lecture, September 3, 2009 in Akure, Southwest Nigeria. Special presentation by Her Excellency, Erelu Olusola Obada, Deputy • ICCO DAILY COCOA PRICES Governor of Osun State. “Making Poverty Reduction Work: The Role of Cocoa in Sustainable Development”. • LONDON (LIFFE) FUTURES MARKET UPDATE 72 nd General Assembly and Council of Ministers Meetings,, Lome, Togo, 7 – 11 September, 2009 • NEW YORK (ICE) FUTURES MARKET 2009 COPAL Cocoa Day. Theme: ‘CONSUME MORE COCOA FOR BETTER UPDATE HEALTH AND A BETTER GHANA’, 1st October, 2009, Ghana. • FROM THE NEWS MEDIA 16 th International Cocoa Research Conference, Hyatt Hotel, Nusa Dua, Denpasar, • TIT BITS Bali – Indonesia, 16 – 21 November, 2009. Do your health a favour, drink Cocoa everyday ‘It’s nature’s miracle food’ In the News (from Newspapers worldwide) Health and utrition Business & Economy • Cocoa prevents hypertension and diabetes –Study • Cocoa Emporium • Can Dark Chocolate Halt Heart Trouble? • Cadbury(i) Dairy Milk(i) Goes Fair Trade in Canada Production and Quality • Uganda: Cocoa Factory to be set up in • Ivory Coast’s New Cocoa Crop may not be bigger, Bundibugyo Saf-Cacao Says • Cocoa farmers worried • Replanted cocoa farms handed-over to Kyekyebiase farmers Labour Issue • Government provides GH¢10.7 million to support • Cadbury to drop cocoa made with child labour youth in agric programme • ICCO ups Indonesia Cocoa Output Forecast, Grinds Environmental Issues down • • Indonesia Eyes Aggressive Cocoa Programme • ICCO Cuts 2008/09 Global Cocoa Deficit Estimate Research & Development • Cameroon 2009/10 cocoa exports, grindings seen up • The Market Promotion & Consumption • Cocoa prices go up as farmers expect to reap big • Processing & Manufacturing Others • Cocoa and real chocolate needed to make top quality • Swollen shoot disease hit Eastern Region chocolate ice cream ICCO Daily Cocoa Prices ICCO daily price ICCO daily price London futures New York futures (SDR/tonne) ($US/tonne) (£/tonne) ($US/tonne) 247th August 1924.09 3004.68 1869.00 2941.67 25 th August 1967.99 3071.90 1911.33 3016.00 26 th August 1942.08 3031.09 1900.00 2978.00 27th August 1860.52 2900.53 1834.67 2827.33 28th August 1851.20 2895.14 1820.00 2818.67 Average 1909.00 2981.00 1867.00 2916.00 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 24th August 2009 Month Opening Trans Settle Change Daily High Daily Low Volume Sep 2009 1882 1866 -6 1884 1862 1,311 Dec 2009 1889 1872 -10 1892 1866 2,835 Mar 2010 1885 1868 -13 1886 1866 528 May 2010 1878 1867 -13 1888 1867S 633 Jul 2010 1875 1860 -13 1875 1875 9 Sep 2010 1871 1860 -13 1875S 1870S 15 Dec 2010 1857 -13 0 Mar 2011 1855 -13 0 May 2011 1863 -13 0 Jul 2011 1863 -13 0 Average/Totals 1863 5,331 Tuesday 25th August 2009 Month Opening Trans Settle Change High Low Volume Sep 2009 1879 1902 36 1908 1879 1,627 Dec 2009 1883 1914 42 1918 1880 4,682 Mar 2010 1880 1911 43 1915S 1879 1,049 May 2010 1880 1909 42 1911 1880 771 Jul 2010 1899 1900 40 1900 1899 72 Sep 2010 1885 1896 36 1900S 1885 55 Dec 2010 1893 36 0 Mar 2011 1891 36 0 May 2011 1884 21 0 Jul 2011 1884 21 0 Average/Totals 1893 8,256 Wednesday 26th August 2009 Month Opening Trans Settle Change High Low Volume Sep 2009 1905 1884 -18 1905 1880 725 Dec 2009 1911 1902 -12 1922 1891 2,906 Mar 2010 1912 1900 -11 1920 1893 1,229 May 2010 1910 1898 -11 1915 1890 731 Jul 2010 1904 1893 -7 1904 1897 27 Sep 2010 1891 1888 -8 1907 1890 269 Dec 2010 1889 -4 0 Mar 2011 1887 -4 0 May 2011 1880 -4 0 Jul 2011 1880 -4 0 Average/Totals 1890 5,887 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 27th August 2009 Month Opening Trans Settle Change High Low Volume Sep 2009 1903 1820 -64 1905 1790 1,135 Dec 2009 1910 1838 -64 1925 1806 6,807 Mar 2010 1915 1834 -66 1916 1808 900 May 2010 1910 1832 -66 1910S 1822S 57 Jul 2010 1813 1826 -67 1814 1813 5 Sep 2010 1901 1821 -67 1902 1886 83 Dec 2010 1819 -70 0 Mar 2011 1817 -70 0 May 2011 1810 -70 0 Jul 2011 1810 -70 0 Average/Totals 1823 8,987 Friday 28th August 2009 Month Opening Trans Settle Change High Low Volume Sep 2009 1840 1806 -14 1841 1792 1,193 Dec 2009 1855 1825 -13 1857 1806 4,581 Mar 2010 1849 1820 -14 1851S 1801 1,121 May 2010 1810 1815 -17 1825 1798 480 Jul 2010 1803 1808 -18 1803 1803 1 Sep 2010 1831 1805 -16 1831 1831 5 Dec 2010 1803 -16 0 Mar 2011 1801 -16 0 May 2011 1794 -16 0 Jul 2011 1794 -16 0 Average/Totals 1807 7,381 Average for the week 1807 7168 35,842 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 24th August 2009 Month Open Price Change High Low Volume Sep 2009 2932 2911 -38 2965 2905 39 Dec 2009 2958 2926 -34 2980 2913 3,400 Mar 2010 2973 2946 -34 2997 2940 491 May 2010 2998 2955 -35 3005 2951 122 Jul 2010 0 2963 -36 0 0 18 Sep 2010 2970 2965 -36 2982 2970 14 Dec 2010 0 2973 -33 0 0 0 Mar 2011 0 2971 -33 0 0 0 May 2011 0 2983 -33 0 0 0 Jul 2009 0 2993 -27 0 0 0 Average/Totals 2959 4084 Tuesday 25th August 2009 Month Open Price Change High Low Volume Sep 2009 2977 2998 87 3001 2955 23 Dec 2009 2921 3008 82 3025 2914 8,830 Mar 2010 2973 3023 77 3039 2961 1,829 May 2010 2997 3025 70 3032 2990 562 Jul 2010 3000 3028 65 3034 3000 101 Sep 2010 3025 3027 62 3045 3015 46 Dec 2010 3029 3033 60 3029 3029 1 Mar 2011 0 3031 60 0 0 0 May 2011 0 3043 60 0 0 0 Jul 2009 0 3053 60 0 0 0 Average/Totals 2948 11392 Wednesday 26th August 2009 Month Open Price Change High Low Volume Sep 2009 2951 2938 -60 2982 2940 54 Dec 2009 3000 2958 -50 3000 2941 4,312 Mar 2010 3013 2972 -51 3013 2965 813 May 2010 3007 2977 -48 3008 2975 315 Jul 2010 3006 2982 -46 3008 2985 20 Sep 2010 3006 2983 -44 3008 2990 203 Dec 2010 0 2995 -38 0 0 3 Mar 2011 0 2992 -39 0 0 0 May 2011 0 3007 -36 0 0 0 Jul 2009 0 3017 -36 0 0 0 Average/Totals 2982 5720 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 27th August 2009 Month Open Price Change High Low Volume Sep 2009 2894 2796 -142 2894 2780 18 Dec 2009 2966 2821 -137 2987 2767 10,974 Mar 2010 2999 2842 -130 3000 2792 1,073 May 2010 2971 2850 -127 2976 2835 253 Jul 2010 0 2857 -125 0 0 6 Sep 2010 3000 2859 -124 3000 2977 86 Dec 2010 0 2866 -129 0 0 0 Mar 2011 0 2864 -128 0 0 0 May 2011 0 2879 -128 0 0 0 Jul 2009 0 2889 -128 0 0 0 Average/Totals 2852 12410 Friday 28th August 2009 Month Open Price Change High Low Volume Sep 2009 2800 2780 -16 2800 2780 13 Dec 2009 2840 2799 -22 2860 2775 5,631 Mar 2010 2870 2819 -23 2870 2796 564 May 2010 2831 2829 -21 2845 2814 258 Jul 2010 0 2835 -22 0 0 8 Sep 2010 0 2835 -24 0 0 0 Dec 2010 0 2843 -23 0 0 0 Mar 2011 0 2841 -23 0 0 0 May 2011 0 2856 -23 0 0 0 Jul 2011 0 2866 -23 0 0 0 Average/Totals 2830 6474 Average for the week 2835 1177 1177 Sport Prices (US $ per tone) 24th 25th 26 th 27 th 28 th August August August August August Main Crop Ghana, Grade 1 - - 3458 3321 - Main Crop Ivory Coast, Grade 1 - - 3283 3146 - Main Crop Nigeria, Grade 1 - - 3261 3124 - Ecuador ASE - - 3098 2961 - Sanchez F.A.Q. - - 3131 2994 - Indonesian F.A.Q. 115/100 - - 3035 2898 - P.P.P. African Type Carton Cocoa Butter - - 6734 6422 - COCOA PRODUCERS’ ALLIANCE, NATIONAL ASSEMBLY COMPLEX TAFAWA BALEWA SQUARE, P.O.