COPAL COCOA Info A Weekly Newsletter of Cocoa Producers' Alliance
2
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: Website: www.copal-cpa.org
Health and Nutrition· Heart health claims are boosting chocolate’s growth potential, report
· Cocoa and Health: More Good News about Chocolate
Production and Quality
· African Cocoa farmer adopt new phytosanitary measures
· Ghana's cocoa production to hit high record
· Ministry hopes annual cocoa production will hit 40,000 tonnes in five years
· Cameroon Plans to Boost Cocoa Output 37% by 2015 on Better Farm Practices
The Market
· Cocoa rises on Ivorian supply concern; Coffee gains; Sugar drops
· Ivorian cocoa prices rise on strong demand
Processing & Manufacturing
·
Business & Economy
· ADM expands cocoa sustainability program
· Lindt Expands Excellence Collection with introduction of Two New Premium Chocolate Bars
· Barry Callebaut successfully placed long term bond, at the same time renewed and amended credit facility / ·
Labour Issues
· Ghana marks World Day against Child Labour
· Hershey accused of using child labour in cocoa supply chain
Environmental Issue
·
Research & Development
·
Promotion & Consumption
·
Others
· Ashanti Regional Minister launches Agric Development Skill Programme in Knust
· Minister lauds initiative to develop skills in cocoa industry
· ADM launches “crucial” cocoa training project in Ghana
In the News (from Newspapers worldwide)
ICCO Daily Cocoa Prices
ICCO Daily Price(SDR/tonne) / ICCO Daily price
($US/tonne) / London futures
(£/tonne) / New York futures
($US/tonne)
13th June / 1872.02 / 2993.42 / 1852.00 / 2974.00
14h June / 1883.86 / 3020.86 / 1855.33 / 3009.00
15th June / 1891.65 / 3017.29 / 1870.33 / 3008.67
16th June / 1852.63 / 2938.12 / 1836.67 / 2920.67
17th June / 1859.86 / 2966.01 / 1851.67 / 2941.67
Average / 1872.00 / 2987.00 / 1853.00 / 2971.00
International Financial Futures and Options Exchange (LIFFE)
London Futures Market – Summary of Trading Activities
(£ per tone)
Monday / 13th June / 2011Month / Opening Trans / Settle / Change / Daily High / Daily Low / Volume
Jul2011 / 1849 / 1838 / -10 / 1859S / 1834 / 3,028
Sep 2011 / 1857 / 1845 / -12 / 1865 / 1840 / 4,431
Dec 2011 / 1887 / 1873 / -12 / 1896S / 1870S / 1,080
Mar 2012 / 1908 / 1895 / -13 / 1916S / 1895S / 144
May 2012 / 1905 / 1903 / -13 / 1917S / 1905S / 20
Jul-12 / 1909 / -11 / 0
Sep-12 / 1916 / -9 / 0
Dec2012 / 1926 / -9 / 0
Mar2013 / 1926 / -10 / 0
May2013 / 1912 / -18 / 0
Average/Totals / 1894 / 8,703
Tuesday / 14th June / 2011
Month / Opening Trans / Settle / Change / Daily High / Daily Low / Volume
Jul2011 / 1826 / 1849 / 11 / 1870 / 1826 / 9,535
Sep 2011 / 1837 / 1846 / 1 / 1866S / 1830 / 10,400
Dec 2011 / 1864 / 1871 / -2 / 1889S / 1856S / 2,190
Mar 2012 / 1883 / 1894 / -1 / 1910S / 1880 / 1,131
May 2012 / 1889 / 1905 / 2 / 1915S / 1887 / 803
Jul-12 / 1895 / 1911 / 2 / 1912 / 1895S / 287
Sep-12 / 1907 / 1917 / 1 / 1920S / 1907S / 21
Dec2012 / 1924 / -2 / 0
Mar2013 / 1924 / -2 / 0
May2013 / 1910 / -2 / 0
Average/Totals / 1895 / 24,367
Wednesday / 15th June / 2011
Month / Opening Trans / Settle / Change / High / Low / Volume
Jul2011 / 1857 / 1837 / -12 / 1866S / 1834 / 9,482
Sep 2011 / 1856 / 1845 / -1 / 1862 / 1840 / 11,685
Dec 2011 / 1871 / 1872 / 1 / 1888S / 1868S / 2,045
Mar 2012 / 1893 / 1894 / 0 / 1910 / 1891S / 1,391
May 2012 / 1916 / 1905 / 0 / 1919S / 1899 / 637
Jul-12 / 1909 / 1911 / 0 / 1909S / 1909S / 2
Sep-12 / 1917 / 1916 / -1 / 1920S / 1916 / 12
Dec2012 / 1922 / 1921 / -3 / 1922 / 1922 / 2
Mar2013 / 1926 / 2 / 0
May2013 / 1905 / -5 / 0
Average/Totals / 1893 / 25,256
Thursday / 16th June / 2011
Month / Opening Trans / Settle / Change / High / Low / Volume
Jul2011 / 1831 / 1800 / -37 / 1831 / 1793S / 2,808
Sep 2011 / 1833 / 1811 / -34 / 1833 / 1805S / 7,218
Dec 2011 / 1855 / 1838 / -34 / 1857S / 1832S / 1,688
Mar 2012 / 1877 / 1861 / -33 / 1880S / 1859S / 2,106
May 2012 / 1890 / 1875 / -30 / 1893S / 1869S / 262
Jul-12 / 1895 / 1885 / -26 / 1900S / 1885S / 234
Sep-12 / 1900 / 1890 / -26 / 1900S / 1890 / 20
Dec2012 / 1905 / 1893 / -28 / 1905 / 1891S / 10
Mar2013 / 1900 / 1897 / -29 / 1900 / 1895S / 6
May2013 / 1876 / -29 / 0
Average/Totals / 1863 / 14,352
Friday / 17th June / 2011
Month / Opening Trans / Settle / Change / High / Low / Volume
Jul2011 / 1790 / 1822 / 22 / 1827S / 1790 / 999
Sep 2011 / 1812 / 1829 / 18 / 1835 / 1804 / 4,695
Dec 2011 / 1840 / 1855 / 17 / 1861S / 1833S / 1,224
Mar 2012 / 1864 / 1871 / 10 / 1880S / 1855S / 1,127
May 2012 / 1876 / 1884 / 9 / 1889S / 1871S / 140
Jul-12 / 1885 / 1892 / 7 / 1899S / 1881S / 77
Sep-12 / 1895 / 1896 / 6 / 1904S / 1886S / 37
Dec2012 / 1913 / 1894 / 1 / 1913 / 1897 / 17
Mar2013 / 1897 / 1899 / 2 / 1897 / 1897 / 41
May2013 / 1873 / -3 / 0
Average/Totals / 1872 / 8,357
Average for the week / 1872 / 16207
81,035
New York Board of Trade
(New York Futures Market – Summary of Trading Activities)
(US$ per tone)
Monday / 13th June / 2011Month / Open / Price / Change / High / Low / Volume
Jul2011 / 3000 / 3001 / 4 / 3034 / 2960 / 5,608
Sep 2011 / 2992 / 2968 / -14 / 3009 / 2925 / 9,019
Dec 2011 / 3013 / 2996 / -14 / 3032 / 2962 / 1,111
Mar 2012 / 3056 / 3036 / -17 / 3070 / 3002 / 1,411
May 2012 / 3038 / 3040 / -13 / 3060 / 3000 / 144
Jul2012 / 3038 / 3045 / -8 / 3057 / 3022 / 153
Sep 2012 / 3060 / 3051 / -3 / 3063 / 3052 / 43
Dec2012 / 3063 / 3063 / 10 / 3063 / 3063 / 29
Mar2013 / 0 / 3071 / 8 / 0 / 0 / 0
May2013 / 0 / 3082 / 8 / 0 / 0 / 0
Average/Totals / 3035 / 17518
Tuesday / 14th June / 2011
Month / Open / Price / Change / High / Low / Volume
Jul2011 / 2999 / 3014 / 13 / 3066 / 2999 / 4,419
Sep 2011 / 2965 / 2994 / 26 / 3020 / 2960 / 11,696
Dec 2011 / 3000 / 3019 / 23 / 3035 / 2994 / 2,694
Mar 2012 / 3032 / 3061 / 25 / 3071 / 3032 / 1,325
May 2012 / 3030 / 3058 / 18 / 3069 / 3030 / 597
Jul2012 / 3060 / 3063 / 18 / 3062 / 3060 / 8
Sep 2012 / 3059 / 3068 / 17 / 3073 / 3059 / 403
Dec2012 / 3074 / 3083 / 20 / 3086 / 3074 / 72
Mar2013 / 3092 / 3093 / 22 / 3092 / 3092 / 1
May2013 / 3108 / 3110 / 28 / 3108 / 3108 / 529
Average/Totals / 3056 / 21744
Wednesday / 15th June / 2011
Month / Open / Price / Change / High / Low / Volume
Jul2011 / 3034 / 2987 / -27 / 3034 / 2948 / 2,531
Sep 2011 / 3010 / 2975 / -19 / 3014 / 2934 / 9,430
Dec 2011 / 3027 / 3007 / -12 / 3031 / 2969 / 3,758
Mar 2012 / 3066 / 3043 / -18 / 3071 / 3010 / 1,376
May 2012 / 3048 / 3039 / -19 / 3056 / 3010 / 501
Jul2012 / 3054 / 3043 / -20 / 3062 / 3015 / 87
Sep 2012 / 3044 / 3047 / -21 / 3044 / 3027 / 192
Dec2012 / 0 / 3050 / -33 / 0 / 0 / 42
Mar2013 / 0 / 3058 / -35 / 0 / 0 / 1
May2013 / 0 / 3075 / -35 / 0 / 0 / 1
Average/Totals / 3032 / 17919
Thursday / 16th June / 2011
Month / Open / Price / Change / High / Low / Volume
Jul2011 / 2949 / 2914 / -73 / 2959 / 2885 / 3,070
Sep 2011 / 2941 / 2886 / -89 / 2955 / 2883 / 12,106
Dec 2011 / 2970 / 2918 / -89 / 2980 / 2916 / 2,337
Mar 2012 / 3022 / 2957 / -86 / 3022 / 2955 / 1,131
May 2012 / 3000 / 2957 / -82 / 3000 / 2956 / 127
Jul2012 / 3015 / 2961 / -82 / 3015 / 2985 / 156
Sep 2012 / 2988 / 2964 / -83 / 2988 / 2966 / 111
Dec2012 / 0 / 2964 / -86 / 0 / 0 / 0
Mar2013 / 0 / 2972 / -86 / 0 / 0 / 50
May2013 / 0 / 2989 / -86 / 0 / 0 / 50
Average/Totals / 2948 / 19138
Friday / 17th June / 2011
Month / Open / Price / Change / High / Low / Volume
Jul2011 / 2900 / 2917 / 3 / 2924 / 2893 / 30
Sep 2011 / 2886 / 2917 / 31 / 2923 / 2886 / 5,039
Dec 2011 / 2908 / 2944 / 26 / 2951 / 2908 / 1,718
Mar 2012 / 2957 / 2980 / 23 / 2985 / 2955 / 1,279
May 2012 / 2968 / 2983 / 26 / 2990 / 2963 / 41
Jul2012 / 2986 / 2985 / 24 / 2986 / 2986 / 4
Sep 2012 / 2988 / 2988 / 24 / 2988 / 2988 / 5
Dec2012 / 2996 / 2992 / 28 / 2996 / 2996 / 6
Mar2013 / 0 / 3000 / 28 / 0 / 0 / 0
May2013 / 0 / 3011 / 22 / 0 / 0 / 0
Average/Totals / 2972 / 8122
Average for the week / 2972 / 1477
1477
News
Health and Nutrit
Heart health claims are boosting chocolate’s growth potential, report
ConfectioneryNews.com
By Helen Glaberson,
13-Jun-2011
There is growth potential for dark chocolate in the functional food sector, with the product carrying most of the heart health claims in the confectionery segment, says Leatherhead Food Research.
In its new report Future Directions for Functional Foods, Leatherhead values the international functional food and drink market (products making specific health claims) at $24.2bn and predicts a 4 to 5 per cent annual growth rate over the next few years
In the confectionery market, dark chocolate is performing well, mainly due to its high antioxidant positioning, with an increasing emphasis on the high antioxidant content of cocoa polyphenols driving up sales in many countries, said the UK based market analysts.
Dark chocolate now accounts for 38 per cent of the US chocolate market and is bought in up to 40 per cent of UK households, they said.
Despite the fact that chocolate’s heart claims for remain fairly thin, it has still contributed towards the growth in global demand for the product, often at the expense of milk chocolate, according to Leatherhead.
Although there has been activity for dark chocolate in this area, overall, the heart health confectionery market is still too small and fragmented to quantify, said the analysts.
Anti-aging claims
As well as heart health, dark chocolate is also promoted on anti-ageing claims, said the analysts.
There has been a rising number of skin health and beauty chocolate launches over the last few years, particularly in the US, said Leatherhead.
Barry Callebaut’s Acticoa ingredient, primarily targets an anti-ageing platform claiming to retain the high level of antioxidants in cocoa bean. The product is used by in major brands such as Guylian and Thorntons, said the analysts.
In 2003, Mars launched its CocoaVia range, chocolate bars and other snack-orientated products placing an emphasis on cocoa levels and heart health, although this line is now discontinued.
Mood foods
One of the most recent developments within the global chocolate market, is an increasing emphasis on dark chocolate’s mood enhancing properties, said Leatherhead, with suggestions that chocolate contains ‘drug-like’ constituents such as anandamines, caffeine, phenylethylamine and magnesium. There are also claims that it can boost serotonin and stimulate the secretion of endorphins.
Leatherhead said that although work remains to be done to substantiate some of these claims, the consumer perception of chocolate as a good mood food appears to remain strong.
Probiotics
The global chocolate market has also carried probiotic-enriched lines. Although probiotics and prebiotics feature particularly strongly in dairy, a 2009 study from University of Ghent in Belgium claims that chocolate may represent a better carrier for probiotics than traditional dairy products.
For confectionery, Barry Callebaut is a pioneer in this area, according to the analysts, launching a functional chocolate bar containing probiotics in 2007.
However, Leatherhead said there have been relatively few confectionery entrants into the market, with major suppliers limited to US companies such as Maramor Chocolates and Attune Foods.
General growth
For confectionery, activity has been limited for functional confectionery according to the report, which applies even within the well developed Japanese market.
In this region, most products launched carrying anti/aging beauty claims have been within the confectionery sector.
Elsewhere in the US and Western Europe the category remains in its infancy, despite launches from mainstream food manufacturers such as Kellogg, Mars and Barry Callebaut, said Leatherhead.
In Western Europe, most functional confectionery products are competing in the specialist dietetic sector rather than mainstream food market, said the analysts.
Cocoa and Health: More Good News about Chocolate
Epicurious (blog)
By Megan O. Steintrager
14/06/2011
Healthy-Mexican-Hot-Cocoa
I never get tired of hearing good news about chocolate's health benefits. Here's the latest from an email newsletter from the Tufts Health & Nutrition Letter: "Spanish researchers report that daily consumption of 40 grams (about 1.4 ounces) of cocoa powder in about 2 cups of skim milk improved cholesterol levels." Now, the study was small (42 people with an average age of 70) and short (two, four-week periods), but researchers found that when the volunteers in the study were given skim milk with cocoa instead of plain milk, "they saw a 5% increase in good HDL cholesterol and a 14% reduction in oxidized bad LDL cholesterol,' according to the Tufts report.
Want to duplicate the experiment at home (with your doctor's approval, if necessary)? The amount of cocoa used in the study, 40 grams, is a little less than three tablespoons. Try it out in the Mexican Hot Chocolate pictured above, or, even simpler: Stir unsweetened cocoa powder into a small amount of very hot water to make a paste, then whisk in hot skim milk and add a little of your sweetener of choice. At this time of year, I'd probably then cool the hot chocolate and serve it iced or blended into a smoothie, such as this amazing-sounding Iced Mocha Shake, made with one of my other favorite "vices" that keeps getting "virtue" status: coffee.