INSIDE THIS ISSE: ICCO DAILY COCOA PRICES LONDON (LIFFE) FUTURES MARKET UPDATE NEW YORK (ICE) FUTURES MARKET UPDATE FROM THE NEWS MEDIA TIT BITS Seminar of Cocoa Statistics for Nigeria, 2 nd June 2011, Akure, Ondo State, Nigeria. SPS Capacity Building Workshop, 7 th -10 th June 2011, Yaounde, Cameroon. Seminar on Futures Markets, 13 th – 17 th June, 2011, London, United Kingdom. COPAL COCOA COPAL COCOA Info Info A Weekly Newsletter of Cocoa Producers' Alliance Do your health a favour, drink Cocoa everyday UP-COMING EVENTS IN THIS Issue No. 440 16 th – 20 th May 2011
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INSIDE THIS ISSE:
ICCO DAILY COCOA PRICES LONDON (LIFFE) FUTURES
MARKET UPDATE NEW YORK (ICE) FUTURES
MARKET UPDATE FROM THE NEWS MEDIA TIT BITS
Seminar of Cocoa Statistics for Nigeria, 2nd June 2011, Akure, Ondo State, Nigeria.
SPS Capacity Building Workshop, 7th -10th June 2011, Yaounde, Cameroon.
Seminar on Futures Markets, 13th – 17th June, 2011, London, United Kingdom.
COPAL COCOACOPAL COCOA InfoInfo A Weekly Newsletter of Cocoa Producers' Alliance
Health and Nutrition Chocolate pedicures: A sweet way to pamper your
toes
Production and Quality Armajaro brings farm inputs closer to cocoa farmers
The Market Cameroon cocoa prices dip, weather good for mid-
crop Europe cash cocoa: weaker in a thin trade
Processing & Manufacturing Cameroon's lone cocoa grinder buys 84 T in March
Business & Economy Cocoa Products Exports to Increase to RM4.5
Billion This Year, Says Dompok
Labour Issues
Environmental Issue
Research & Development
Promotion & Consumption Bits & Bites: Giving cocoa almonds a flavour boost WCF Convenes To Address Cocoa Sustainability
Others
Do your health a favour, drink Cocoa everyday
‘It’s nature’s miracle food’UP-COMING EVENTSUP-COMING EVENTS IN THISIN THIS
Issue No. 440 16th – 20th May 2011
In the News (from Newspapers worldwide)
ICCO Daily Cocoa PricesICCO Daily Price
(SDR/tonne)ICCO Daily price
($US/tonne)London futures
(£/tonne)New York futures
($US/tonne)
16th May 1917.62 3041.73 1893.67 3016.67
17th May 1898.95 3018.24 1880.33 2997.67
18th May 1905.65 3032.51 1892.67 3013.67
19th May 1902.78 3027.57 1891.33 3003.67
20th May 1858.09 2956.55 1845.00 2929.00
Average 1897.00 3015.00 1881.00 2992.00
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
Chocolate pedicures: A sweet way to pamper your toesTampabay.comBy Ashley Grant, tbt* correspondentMay 20, 2011I have gotten pedicures before, but after hearing about a process known as a chocolate pedicure, I had to skip my traditional one and try it.
There are benefits to using chocolate for pampering, including the fact that it moisturizes and acts as an antioxidant to skin. I opted to go to Spa Moritz in New Tampa and was ecstatic to learn that with my pedicure I would receive a complimentary chocolate martini.
From the outside, Spa Moritz looked like a boring office, but when I walked in I was pleasantly surprised. With the warm-colored walls and the columns framing the entryway, I felt like I had walked into a European spa.
After checking in, I was given a tour of the facilities and the option to change into a robe. To get the full spa experience I had booked a massage as well, so I changed and then went to the tranquility room. However, you don't have to get a massage to experience the room. With the pedicure, guests are permitted to relax in there, as well. In the tranquility room were refreshments — on this particular day it was cupcakes.
On to the manicure-pedicure room. My pedicurist was Jillian, and her personality was awesome. She was funny and personable and easy to talk to. It was like being pampered by an old friend.
The pedicure began with a warm chocolate foot bath. The aroma of the chocolate and the bubbles of the jets in the foot bath melted all of my stress away within minutes. Just as I was beginning to feel the calm come over me, I was presented with my chocolate martini. Delicious. Its smooth texture went down like chocolate milk, and in the bottom of the glass was a piece of chocolate for me to munch on while Jillian scrubbed my feet.
She used a cocoa scrub to wash and exfoliate my tootsies, and then it was time for my mask. I never had a mask on my feet before, but it was extremely moisturizing and felt so nice. The mask was, of course, infused with chocolate.
Following the mask Jillian massaged my feet with chocolate oil and then proceeded to dry my toes and apply nail polish.
My feet have never felt so good. My treatment delighted my senses, to say the least.
— My First Time is a column by Ashley Grant about trying new things in Tampa Bay. Got a suggestion for something she can try? E-mail her at [email protected].
Armajaro brings farm inputs closer to cocoa farmersMyjoyonline.com 18 May 2011,
Licensed cocoa buying company, Armajaro Ghana, is financing the construction of ten cocoa depots in selected towns in the Ashanti, Bono Ahafo, Western and Central Regions.The initiative is to standardize the company’s depots which among others will also serve as purchasing outlets for good quality cocoa seedlings and other inputs for farmers.
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
Head of Administration, Seth Amoako Hammond, told Luv Business Report, the establishment of the farmers’ shops will save farmers the hustle of travelling to the cities to buy inputs. He said Armajaro, which is currently the third largest licensed buying company in Ghana, will continue to invest in farmers within its operational districts to increase cocoa yield. Mr. Hammond was opening one of such depots at Boako in the Western Region.
Armajaro currently employs over 6,000 people, and has a supply network of 120 thousand farmers.
The company’s license in the western corridors was withdrawn following revelation some of its staff were involved in cocoa smuggling.
Mr. Hammond said the company appreciates the implication of smuggling to the Ghanaian economy and would do everything to prevent it.
Cameroon cocoa prices dip, weather good for mid-cropReuters Africa May 16, YAOUNDE, May 16 (Reuters) - Cocoa farmgate prices in Cameroon have slipped in most growing areas since April amid thin buying interest ahead of the peak of the mid-crop, farmers said over the weekend.
Growing weather in the world's No. 5 cocoa producer, meawhile, was considered ideal, signaling robust volumes for the last part of the year-long season.
Cameroon's cocoa season runs from August 1 to July 31, with the main harvest period from October to January/February, and the mid-crop following that.
"What we are happy about is the very fine weather, characterised by little rainfall and plenty of sunshine, an indication that the mid-crop harvest may be good," said Emmanuel Nnogo Akolo from Emana in the Centre region, summing up the situation in all growing zones.
"As a result, there are almost no cases of the black pod disease this year. Moreover, this fine weather gives enough time to treat our farms, with the plants making maximum use of the pesticides, insecticides and fertilizer."
The country commercialised some 197,000 tonnes of cocoa beans in 2009/10. But reports so far show that the volume will be over 200,000 tonnes due to increase in output from improved, high-yielding variety seedlings distributed to farmers by the cocoa development authority SODECAO in 2006/07.
Cocoa exports by the end of February were 184,090 tonnes, up 22 percent from the same period a year ago. [COC/CM]
Below is a table showing farmgate prices in CFA francs per kilogram for May 2011:
(Reporting by Tansa Musa; editing by Richard Valdmanis and Keiron Henderson)
Europe cash cocoa: weaker in a thin tradeReuters Africa by Ivana SekularacMay 20, 2011 AMSTERDAM, May 20 (Reuters) - Europe's fresh cocoa prices fell in thin trade this week as buyers waited to learn more about the quality of Ivory Coast cocoa beans before making new purchases, traders said.
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
Ivory Coast, the world's top cocoa producer, resumed cocoa exports earlier this month after a disputed presidential election led to an export ban, European trade sanctions, a crippled banking system, and weeks of civil war.
Abundant rains which fell in Ivory Coast's cocoa-growing regions should enable a strong mid-crop until at least early August. [ID:nLDE74F1OV]
"The market is a bit boring and people expect it to go down because of fundamentals," one trader said.
"On the other hand we still don't know what the quality of the beans is. It is still pretty unsafe to send people there to look into it," he said.
Cocoa arrivals at Ivorian ports are running around 13 percent above last year's levels and deliveries are set to keep picking up, but security remains a problem up-country, exporters said on Friday.
Thousands of cocoa farmers who fled their fields during five months of conflict in Ivory Coast are too afraid of ethnic reprisals to go home, and many fear their plantations are either looted or rotting. [ID:nLDE74J0U3]
Ivory Coast differentials were at around 60 pounds over London nearby cocoa futures contracts LCCc1, 20 pounds down from last week.
"Now the main concern is getting logistics in Ivory Coast back to normal," another trader said.
"Also we should be getting the first indication about the new crop to be harvested in November, so the market is looking into it too." [nLDE74J0RT]
Cocoa purchases declared by private buyers to Ghana's Cocobod industry regulator hit 846,385 tonnes by May 5 since the start of the season in October.[ID:nLDE74G0WL].
Price ratios for cocoa butter, a key ingredient in chocolate, firmed to around 1.28 times London bean contracts <0#LCC:>, against 1.20.
"There is strong demand for cocoa butter now and ratios are higher," one trader said.
"The cocoa butter price is very low. The chances that prices could be significantly lower are very slim, so everyone is buying."
Cameroon's lone cocoa grinder buys 84 T in MarchReuters AfricaBy Tansa Musa May 17, 2011 YAOUNDE, May 17 (Reuters) - Sic-Cacaos, Cameroon's lone local cocoa beans grinder, bought 84 tonnes of beans in March, down from 424 tonnes the previous month, according to official tatistics from the firm on Tuesday.
The figure also represents a fall for the same month last year, when 136 tonnes were bought.
March volumes bring the total quantity of cocoa beans the company has bought since the August start of the 2010/11 seasonto 26,232 tonnes, up from 17,099 tonnes for the same period in 2009/2010.
Sic-Cacaos, a subsidiary of Swiss company Barry Callebaut (BARN.S: Quote), processes cocoa beans into cocoa powder, cocoa butter, cocoa cake and other bi-products sold in Cameroon, the CEMAC zone and Nigeria.
Cocoa Products Exports to Increase to RM4.5 Billion This Year, Says DompokBernama May 20, 2011KUALA LUMPUR, May 20 (Bernama) -- Malaysia's cocoa products exports are expected to increase to RM4.5 billion this year from RM4.2 billion last year, says Plantation Industries and Commodities Minister Tan Sri Bernard Dompok. He said local cocoa products such as cocoa butter, cocoa powder and cocoa paste as well as chocolates and cocoa-based confectionaries are exported to over 80 countries. "Among the major markets for the local cocoa products include the United
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
States, Europe, China and Southeast Asian countries," he said when opening the International Cocoa, Coffee and Consumer Show 2011 Friday.
Dompok said the Malaysian cocoa industry had indeed demonstrated a successful transformation of the Malaysian commodity sector from a mere traditional producer of raw materials to an exporter of higher value-added products. He said Malaysia was no longer the main producer of cocoa beans but the country has been ranked as the largest cocoa grinder in the the Asia-Pacific region and the fifth biggest grinder in the world after Germany, the United States, Ivory Coast and the Netherlands.
Dompok said: "Though the industry has come a long way, I believe opportunities are still plentiful for our cocoa industry. "As the global society becomes more affluent, the demand for cocoa products is expected to increase." He also believed that the International Cocoa, Coffee and Comsumer Show 2011 was an additional factor and incentive to develop the related industries and facilitate entrepreneurs to explore business opportunities.
Bits & Bites: Giving cocoa almonds a flavour boostNational Post (blog)By Angela Hickman May 17, 2011
Cocoa almonds could get a natural flavour boost. Scientists have discovered a plant enzyme that can enhance the natural chocolate flavour in low-quality chocolate almonds. Use of the enzyme would result in less waste in the chocolate industry, because it would improve the chocolate flavour of even the poor-quality cocoa almonds (the seeds of the cocoa fruit).
A man in Wisconsin is celebrating his 25,000th Big Mac meal on Tuesday. It’s a dubious accomplishment, but Don Gorske, has been eating almost
two Big Macs a day since May 17, 1972. The Wisconsin man, who has obsessive-compulsive disorder, estimates he has also consumed over 200,000 Cokes along with the McDonald’s burgers, which contain 540 calories and 29 grams of fat.
The American corn industry is trying to sweeten up its image, and sugar producers are not happy about it. A lobbying group for several corn processors has been working to change the name “high-fructose corn syrup” — a sweetener used in soft drinks, ketchup, cereal, and other products — to “corn sugar.” In response, several big American sugar producers are suing, saying the name change is false advertising. High-fructose corn syrup has been associated with the rise in obesity in the U.S., but researchers say more information is needed before that link can be proven.
High blood pressure increases your risk of having a stroke, and a recent Dutch study into possible stroke triggers has identified eight new possible triggers. Coffee tops the list, followed by vigourous physical exercise and nose-blowing. Alcohol is also considered a risk factor, but the risk decreases quickly after consuption.
WCF Convenes To Address Cocoa SustainabilityAccra Daily MailMay 17, 2011More than 200 representatives from industry, government, development organizations, and research institutes in countries around the globe that make up the World Cocoa Foundation Partnership are meeting (Wednesday and Thursday, May 18 and 19, 2011) at the Hilton San Francisco Financial District, San Francisco, CA to discuss “Celebrating the Diversity of Cocoa Origins”.
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
Keynote address is by Maura O’Neill, Senior Counselor to the Administrator for Innovation, US Agency for International Development, and Sunny Verghese, CEO, Olam International Ltd (Singapore).
The two-day programme also includes sessions on: Sequencing the Cacao Genome—Implications for Farmers, Sustainability and Other Agricultural Commodities, Tracing the Origin of Fine Flavor Landraces of Cacao, and the Outlook for the Southeast Asia Cocoa Sector.
The World Cocoa Foundation (WCF) is an international membership foundation that promotes a sustainable cocoa economy by providing cocoa farmers with the tools they need to grow more and better cocoa, market it successfully, and make greater profits.
These efforts help increase the supply of cocoa and help guarantee chocolate lovers access to their favorite products.
WCF’s membership includes cocoa and chocolate manufacturers, processors, supply chain managers, and other companies worldwide, representing more than 80% of the global cocoa market.
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