COPAL COCOA Info - Alliance of Cocoa Producing …. 499.doc · Web viewCOPAL COCOA Info A Weekly Newsletter of Cocoa Producers' Alliance Health and Nutrition Production and Quality

INSIDE THIS ISSE: ICCO DAILY COCOA PRICES LONDON (LIFFE) FUTURES

MARKET UPDATE NEW YORK (ICE) FUTURES

MARKET UPDATE FROM THE NEWS MEDIA

COPAL COCOACOPAL COCOA InfoInfo A Weekly Newsletter of Cocoa Producers' Alliance

Health and Nutrition

Production and Quality Needed: Sunshine for cocoa crop

The Market Cameroon’s average Cocoa Exports rose 2.6% in

Week to July 2

Processing and Manufacturing Brazil’s Cocoa processing declined 4.8% in

Second Quarter

Business & Economy Nigeria to earn $136m from cassava export to

China

Labour Issues Child labor still issue on Ivory Coast cocoa farms

Environmental Issue

Research & Development

Promotion & Consumption

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. 499 2nd – 6th July 2012

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)

2nd July 1562.06 2373.99 1553.33 2313.67

3rd July 1584.78 2405.27 1569.00 2348.00

4th July 1571.87 2385.68 1556.67 2344.67

5th July 1578.45 2390.22 1571.33 2341.33

6th July 1544.88 2329.00 1547.00 2264.33

Average 1568.00 2377.00 1559.00 2322.00

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

Email: [email protected] Website: www.copal-cpa.org2

mailto:[email protected]

International Financial Futures and Options Exchange (LIFFE)London Futures Market – Summary of Trading Activities

(£ per tone)

Monday 2nd July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1625 1627 13 1632S 1608S 3,483Sep 2012 1582 1577 3 1585 1563S 6,739Dec 2012 1560 1556 3 1564S 1540S 3,712Mar 2013 1530 1527 1 1532S 1510 3,037May 2013 1529 1526 1 1531S 1512S 432Jul 2013 1532 1529 0 1532S 1518S 407

Sep 2013 1530 1533 1 1530S 1522S 147Dec 2013 1545 1542 1 1545 1537 315Mar 2014 1550 1549 1 1550 1550 5May 2014 1560 4 0

Average/Totals 1553 18,277

Tuesday 3rd July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1632 1651 24 1659S 1623 2,297Sep 2012 1585 1598 21 1606 1581S 8,818Dec 2012 1561 1568 12 1576S 1558 3,265Mar 2013 1532 1541 14 1550S 1527S 4,978May 2013 1534 1539 13 1548S 1526S 1,174Jul 2013 1536 1541 12 1549S 1526S 450

Sep 2013 1540 1543 10 1547S 1535S 477Dec 2013 1551 1550 8 1556 1545S 821Mar 2014 1557 8 0May 2014 1568 8 0


Wednesday 4th July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1646 1635 -16 1651 1626S 3,258Sep 2012 1598 1586 -12 1604 1578 4,319Dec 2012 1568 1555 -13 1571S 1549S 762Mar 2013 1543 1529 -12 1545S 1520 1,374May 2013 1539 1527 -12 1543S 1522 408Jul 2013 1542 1529 -12 1544S 1514S 40

Sep 2013 1544 1531 -12 1544S 1534S 85Dec 2013 1538 -12 0Mar 2014 1545 -12 0May 2014 1556 -12 0


ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX, TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-

9814-1736; FAX: +234-1-290-4262 Email: [email protected] Website: www.copal-cpa.org

3

http://www.nybot.com/reports/dmrs/etsDMRs/dmrFutures.asp?dmrMonth=04&dmrDay=11&dmrYear=2007&commodityID=1&commodityType=future

http://www.copal-cpa.org/







Thursday 5th July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1644 1637 2 1653 1627S 3,897Sep 2012 1598 1597 11 1619 1586 6,508Dec 2012 1565 1572 17 1595S 1561 2,639Mar 2013 1539 1545 16 1572 1535S 5,125May 2013 1539 1542 15 1568S 1535S 1,103Jul 2013 1541 1543 14 1570S 1541 395

Sep 2013 1544 1545 14 1570 1544S 646Dec 2013 1550 1552 14 1552 1550 90Mar 2014 1559 14 0May 2014 1570 14 0


Friday 6th July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1625 1604 -33 1631 1585S 3,844Sep 2012 1579 1568 -29 1594 1545S 7,019Dec 2012 1555 1548 -24 1569 1525 4,307Mar 2013 1542 1525 -20 1544S 1497 2,976May 2013 1534 1522 -20 1542S 1494S 1,086Jul 2013 1528 1523 -20 1535 1501S 59

Sep 2013 1527 1525 -20 1527S 1524S 4Dec 2013 1524 1531 -21 1524S 1524S 200Mar 2014 1538 -21 0May 2014 1549 -21 0


Average for the week 1543 3545 3545



4










New York Board of Trade(New York Futures Market – Summary of Trading Activities)

(US$ per tone)

Monday 2nd July 2012 Month Open Price Change High Low Volume

Jul 2012 2277 2282 -7 2290 2260 12Sep 2012 2291 2290 -1 2311 2261 13,212Dec 2012 2273 2305 1 2326 2273 6,584Mar 2013 2309 2307 1 2318 2281 2,266May 2013 2316 2310 2 2323 2305 1,893Jul 2013 2322 2318 2 2328 2294 358

Sep 2013 2328 2325 1 2335 2318 347Dec 2013 2340 2339 3 2346 2331 111Mar 2014 0 2349 3 0 0 0May 2014 2360 2364 4 2360 2360 8

Average/Totals 2319 24791

Tuesday 3rd July 2012 Month Open Price Change High Low Volume

Jul 2012 2330 2344 62 2330 2330 1Sep 2012 2296 2350 60 2358 2296 15,903Dec 2012 2308 2361 56 2367 2308 5,588Mar 2013 2315 2361 54 2367 2315 3,122May 2013 2325 2363 53 2369 2325 1,582Jul 2013 2332 2368 50 2372 2332 187

Sep 2013 2368 2375 50 2374 2366 32Dec 2013 2380 2388 49 2389 2380 134Mar 2014 0 2398 49 0 0 1May 2014 0 2412 48 0 0 1


Wednesday 4th July 2012 Month Open Price Change High Low Volume

Jul 2012 Sep 2012 Dec 2012 Mar 2013 May 2013 Jul 2013

Sep 2013 Dec 2013 Mar 2014 May 2014

Average/Totals #DIV/0! 0



5









Thursday 5th July 2012 Month Open Price Change High Low Volume

Jul 2012 2330 2318 -26 2344 2327 32Sep 2012 2328 2328 -22 2375 2304 14,603Dec 2012 2330 2337 -24 2381 2317 6,181Mar 2013 2342 2335 -26 2378 2315 2,152May 2013 2342 2336 -27 2380 2311 1,547Jul 2013 2347 2338 -30 2368 2335 624

Sep 2013 2344 2345 -30 2356 2343 109Dec 2013 2368 2359 -29 2373 2358 354Mar 2014 0 2367 -31 0 0 99May 2014 0 2378 -34 0 0 8


Friday 6th July 2012 Month Open Price Change High Low Volume

Jul 2012 0 2245 -73 0 0 7Sep 2012 2325 2252 -76 2325 2233 13,062Dec 2012 2310 2265 -72 2330 2242 3,749Mar 2013 2326 2267 -68 2327 2242 1,710May 2013 2296 2274 -62 2322 2260 941Jul 2013 2300 2279 -59 2319 2270 283

Sep 2013 2307 2287 -58 2307 2297 200Dec 2013 2338 2298 -61 2340 2306 225Mar 2014 0 2307 -60 0 0 16May 2014 0 2318 -60 0 0 374


Average for the week 2279 3739 3739



6










News

Needed: Sunshine for cocoa cropSowetanJul 3, 2012ABIDJAN — More sun is needed to strengthen the development of Ivory Coast’s 2012/13 main cocoa crop, which was helped by abundant rainfall last week in most regions, farmers and analysts say.

Cocoa tree

Farmers said flowering for the main crop has started in the world’s largest producer of cocoa, and a good mix of rain and sunshine is crucial in July to trigger more flowering and boost growth.

In the western region of Daloa, which produces about a quarter of Ivory Coast’s total output, farmers reported three spells of rainfall mixed with average sunshine, which is seen as good for the main crop.

Farmers said the April-to-September mid-crop was tailing off and the weather focus was now the forthcoming main crop.

“Farmers are focused on next year’s main crop. After this month, there will not be much left of the current mid-crop harvest,” said Abel Konan who farms near Daloa.

“Trees have began to produce flowers. For them to develop properly, we need much sunshine this month as well as rains,” Konan said.

In the southeastern region of Aboisso, one analyst reported 35,1 mm of rain during four days last week, compared with 42,3 mm the previous week.

Farmers said the rains have rendered dusty farm-to-market roads impracticable and made bean-drying conditions difficult. “The weather is humid. It continues to rain and it’s hard to go into the plantations because the roads are impassable,” said Etienne Yao who farms in the outskirts of Aboisso.

In the western region of Soubre, in the heart of the Ivorian cocoa belt, 8 mm of rainfall was reported last week compared with 41 mm the previous week.

An analyst said cocoa trees would need at least four hours per day of sunshine for healthy development.

“Flowering has begun. With enough sunshine and rain in the coming weeks, we will have very good quality cocoa at the start of the main crop,” said Obrou Dagou, who farms in the area.

“There is enough water in the soil to support trees for several weeks after because of the rains we have had. What we need now is the sun,” Dagou said.



7

NEWS

Health and Nutrition

Production & Quality



In the eastern region of Abengourou, another analyst reported 58 mm of rainfall during four days last week, compared with 61 mm the week before.Farmers said flowers were proliferating in plantations, but without abundant sunshine in the regions, most of the flowers would not survive. “The weather is often overcast, meanwhile, there are enough flowers for the main crop. If we do not have enough sunshine, most of the flowers will fall off, potentially hurting the start of the main crop,” said Denis Kablan, who farms near Abengourou. Similar growing conditions were reported in western regions of Gagnoa and Duekoue.

Cameroon’s average Cocoa Exports rose 2.6% in Week to July 2BloombergBy Pius LukongJul 3, 2012 The cocoa export price from Cameroon’s main port of Douala rose by 2.6 percent, or 30 CFA francs (6 cents), to 1,182 CFA francs a kilogram (2.2 pounds) during the week to yesterday, according to a Bloomberg calculation based on data from the country’s Cocoa and Coffee Board, sent through mobile-phone text message.

A total of 167,272 metric tons has been exported since the start of the season, compared with 188,304 tons shipped in the previous year, the board said on June 26.

The following is a table of exports rates (Free on Board) at the port in CFA francs per kilogram.

July 02 1,241June 29 1,196June 28 1,196June 27 1,138June 26 1,138Average 1,182

Brazil’s Cocoa processing declined 4.8% in Second QuarterBusinessweekBy Claudia Carpenter on July 08, 2012Brazil’s cocoa grindings in the second quarter totaled about 57,702 metric tons, 4.8 percent lower than the same period a year earlier, according to an e- mail from Thomas Hartmann, an analyst who compiles the nation’s cocoa statistics.

The total for June was 19,136 tons, down 5.6 percent from the same month last year, according to the e-mail. “The drop of volume for the second month in a row could be a signal of the falling demand on the domestic market,” he said.

Hartmann is a board member of the Commercial Association of Bahia, Brazil’s biggest growing region, and is in charge of the group’s statistical service on the nation’s cocoa output.

Nigeria to earn $136m from cassava export to ChinaBusinessDay28 June 2012



8

The Market

Business & Economy

Processing & Manufacturing



Plans are under way to export one-million-tonne cassava chips valued at 136 million dollars to China from this month, Dr Akinwumi Adesina, Minister of Agriculture and Rural Development, has said.

Adesina said this in Umuahia on Wednesday during the inauguration of the Growth Enhancement Support (GES) scheme, a critical component of the Agricultural Transformation Agenda.

The scheme is an innovative approach to fertiliser subsidy administration through an electronic system which ensures that only registered farmers benefit.

“Nigeria will earn 136 million dollars just this year as a result of this exportation and this is happening for the first time in our history.”

The minister reiterated the Federal Government's determination to embark on measures that would boost the capacity of farmers in the country.

“We must use cassava to create a whole lot of things and that is why we must double our efforts on cassava cultivation in this country.”

He said that the government had approved funds for the empowerment of farmers in Abia.

“The Federal Government will be providing the sum of N35 million to provide improved cocoa seedlings to cocoa farmers in Abia.”

He said that eight varieties of hybrid cocoa had been released for onward delivery to farmers and that 25,000 pods would be distributed to farmers in the state free of charge.

“The average yield we are getting today from cocoa is 0.4 tonnes per hectare; the yield of the new cocoa hybrid will give you two tonnes per hectare and that means you will get five times the yield you are currently getting.”

“Each cocoa farmer will also get the approved fungicides and cartons of insecticides.”

He applauded the contributions of Abia as the largest cocoa producer in the South-East geo-political zone.

The minister commended Chief David Onyenweaku from Abia, acknowledged as the country's largest individual cocoa, saying ``it is because of people like this that the Federal Government is encouraging farmers.”

Child labor still issue on Ivory Coast cocoa farmsThe Associated PressBy LAURA BURKEJun 29, 2012 ACCRA, Ghana (AP) — Children continue to work in hazardous conditions on farms that supply cocoa to Nestle in Ivory Coast, the world's largest cocoa producer, but the multinational company is taking concrete steps to root out the practice, a labor organization said Friday.

The Fair Labor Association, an international group that evolved out of a U.S. presidential task force in the Clinton White House, said that industry efforts to put an end to child labor in Ivory Coast have been stalled by a recent civil war.

There are "challenges to eliminating child labor on cocoa farms in a nation still recovering from a divisive civil war, which left rural areas with devastated infrastructure and few alternatives for Ivorian children," the report says.



9

Labour Issues



An investigation by the FLA, which began in January, followed an announcement that Nestle was partnering with the nonprofit to probe the cocoa fields that supply its products. It was the first time a food company has joined FLA, which used the same approach with sweatshops when big-name apparel and shoe manufacturers wanted to overcome criticism over child labor in their operations.

"Our investigation of Nestle's cocoa supply chain represents the first time a multinational chocolate producer has allowed its procurement system to be completely traced and assessed. For too long child labor in cocoa production has been everybody's problem and therefore nobody's responsibility," said association President Auret van Heerden.

The group said there are no local laws in place to provide fair and safe working conditions on Ivory Coast's cocoa farms and that 72 percent of reported injuries result from the use of machetes. The group also said there is little opportunity for workers to organize.

But persistent child labor is the "primary cause for concern," the group said.

Major international cocoa manufacturers started coming under fire for child labor on cocoa farms more than a decade ago. In 2001 cocoa industry representatives signed an agreement to rid the industry of the worst forms of child labor, but according to a report by Tulane University, little progress was made in ten years.

About 600,000 children in Ivory Coast work on cocoa farms, out of about 2 million farmers, according to the latest U.N. figures. Small family farms supply cocoa manufacturers and are spread out in remote areas of Ivory Coast, making them hard to monitor.

The Geneva-based International Cocoa Initiative, a partnership between industry, civil society and labor groups says child labor is largely a consequence of unsatisfactory school access and poverty.

The International Cocoa Initiative said Friday Ivory Coast has made progress in recent months in driving through major reforms on child labor legislation, including a new national plan to combat child labor.

In response to FLA's recommendations, Nestle developed an action plan with benchmarks to be completed by the end of 2012, 2013 and 2016.

"Now that we know where the risks are highest, Nestle can begin to hold participants accountable throughout the supply chain," said van Heerden.

Ivory Coast seeks funds to stop



10

Research & Development

Promotion & Consumption

Others

Environmental Issues



Documents

COPAL COCOA Info - Alliance of Cocoa Producing …. 499.doc · Web viewCOPAL COCOA Info A Weekly Newsletter of Cocoa Producers' Alliance Health and Nutrition Production and Quality