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· Is dark chocolate good for you?
Production and Quality
· FG targets 500,000 tonnes of cocoa by 2015
· Nigeria seeks to develop its Cocoa Market, Association Says
The Market
· West Africa, Europe may ship Cocoa Beans to U.S. on higher price
· I.Coast cocoa arrivals seen 235,000 T by Nov 20
· Cocoa Prices lose their sweetness
· Chocolate Binge topping $100 billion boosts Cocoa after slump: Commodities
· Ivorian cocoa prices fall on oversupply-farmers
· Ivory Coast seeks chocolate fairness for farmers
· Cocoa may advance as much as 13% on Demand, Macquarie Says
Processing & Manufacturing
· Swiss Cocoa Firm joins with local operator for New Plant in Makassar / Business & Economy
· Barry Callebaut AG: Increasing capacity to sustain growth in the Gourmet & Specialties Products business
· COTE D'IVOIRE: Cocoa farmers hope reforms will pay off
Labour Issues
·
Environmental Issue
·
Research & Development
· Ivory Coast to replant Cocoa Trees with Faster-Growing variety
Promotion & Consumption
· Ghana to receive second part of Loan for Cocoa Purchases
Others
· Duffour worried about uncertified cocoa beans
· Cocoa on the boil?
In the News (from Newspapers worldwide)
ICCO Daily Cocoa Prices
ICCO Daily Price(SDR/tonne) / ICCO Daily price
($US/tonne) / London futures
(£/tonne) / New York futures
($US/tonne)
21st November / 1556.93 / 2428.87 / 1556.33 / 2425.67
22nd November / 1551.67 / 2427.42 / 1554.33 / 2425.33
23rd November / 1550.43 / 2412.80 / 1558.67 / 2412.00
24th November / 0 / 0 / 1560.33 / 0
25h November / 1539.21 / 2395.34 / 1551.67 / 2394.67
Average / 1240.00 / 1933.00 / 1933.00 / 1556.00
International Financial Futures and Options Exchange (LIFFE)
London Futures Market – Summary of Trading Activities
(£ per tone)
Monday / 21st November / 2011Month / Opening Trans / Settle / Change / Daily High / Daily Low / Volume
Dec 2011 / 1533 / 1514 / -23 / 1534S / 1510 / 2,811
Mar 2012 / 1561 / 1541 / -24 / 1562S / 1536 / 6,964
May 2012 / 1578 / 1557 / -24 / 1578S / 1552 / 1,337
Jul 2012 / 1593 / 1571 / -25 / 1593S / 1568S / 451
Sep2012 / 1603 / 1582 / -24 / 1603S / 1579S / 810
Dec2012 / 1617 / 1591 / -32 / 1617S / 1591S / 311
Mar2013 / 1635 / 1602 / -33 / 1635 / 1604 / 1,073
May2013 / 1610 / -34 / 0
Jul2013 / 1600 / -34 / 0
Sep2013 / 1600 / -34 / 0
Average/Totals / 1577 / 13,757
Tuesday / 22nd November / 2011
Month / Opening Trans / Settle / Change / Daily High / Daily Low / Volume
Dec 2011 / 1516 / 1510 / -4 / 1541S / 1496 / 2,687
Mar 2012 / 1540 / 1540 / -1 / 1572 / 1525 / 9,163
May 2012 / 1555 / 1554 / -3 / 1587 / 1541S / 1,467
Jul 2012 / 1569 / 1569 / -2 / 1599 / 1557S / 324
Sep2012 / 1580 / 1579 / -3 / 1606 / 1566S / 225
Dec2012 / 1588 / 1593 / 2 / 1611S / 1580 / 99
Mar2013 / 1601 / 1608 / 6 / 1626S / 1591S / 620
May2013 / 1618 / 8 / 0
Jul2013 / 1623 / 23 / 0
Sep2013 / 1590 / -10 / 0
Average/Totals / 1844 / 14,585
Wednesday / 23rd November / 2011
Month / Opening Trans / Settle / Change / High / Low / Volume
Dec 2011 / 1509 / 1516 / 6 / 1529S / 1508 / 1,884
Mar 2012 / 1545 / 1544 / 4 / 1560 / 1536 / 4,610
May 2012 / 1559 / 1558 / 4 / 1572S / 1551S / 389
Jul 2012 / 1569 / 1574 / 5 / 1578S / 1567S / 257
Sep2012 / 1579 / 1585 / 6 / 1592S / 1578S / 387
Dec2012 / 1591 / 1596 / 3 / 1602S / 1591S / 300
Mar2013 / 1604 / 1611 / 3 / 1617S / 1604S / 120
May2013 / 1619 / 1 / 0
Jul2013 / 1621 / -2 / 0
Sep2013 / 1631 / 1629 / 39 / 1631S / 1631S / 500
Average/Totals / 1585 / 8,447
Thursday / 24th November / 2011
Month / Opening Trans / Settle / Change / High / Low / Volume
Dec 2011 / 1516 / 1518 / 2 / 1523 / 1510S / 1,394
Mar 2012 / 1541 / 1545 / 1 / 1555 / 1538 / 2,275
May 2012 / 1564 / 1560 / 2 / 1566 / 1555S / 798
Jul 2012 / 1573 / 1576 / 2 / 1578S / 1571S / 355
Sep2012 / 1585 / 1587 / 2 / 1594S / 1582S / 293
Dec2012 / 1596 / 1599 / 3 / 1602S / 1594S / 129
Mar2013 / 1609 / -2 / 0
May2013 / 1617 / 1617 / -2 / 1625S / 1617S / 9
Jul2013 / 1619 / -2 / 0
Sep2013 / 1627 / -2 / 0
Average/Totals / 1586 / 5,253
Friday / 25th November / 2011
Month / Opening Trans / Settle / Change / High / Low / Volume
Dec 2011 / 1518 / 1509 / -9 / 1518S / 1504S / 1,658
Mar 2012 / 1545 / 1536 / -9 / 1546 / 1530 / 4,787
May 2012 / 1558 / 1551 / -9 / 1558 / 1545 / 1,609
Jul 2012 / 1573 / 1568 / -8 / 1573S / 1562S / 645
Sep2012 / 1585 / 1578 / -9 / 1585 / 1572S / 404
Dec2012 / 1594 / 1590 / -9 / 1594S / 1582S / 255
Mar2013 / 1607 / 1602 / -7 / 1607S / 1592 / 339
May2013 / 1617 / 1610 / -7 / 1617S / 1606S / 22
Jul2013 / 1603 / -16 / 0
Sep2013 / 1611 / -16 / 0
Average/Totals / 1576 / 9,719
Average for the week / 1576 / 10352
51,761
New York Board of Trade
(New York Futures Market – Summary of Trading Activities)
(US$ per tone)
Monday / 21st November / 2011Month / Open / Price / Change / High / Low / Volume
Dec 2011 / 2295 / 2264 / -44 / 2295 / 2240 / 24
Mar 2012 / 2440 / 2414 / -44 / 2440 / 2403 / 8,743
May 2012 / 2441 / 2420 / -44 / 2441 / 2412 / 1,896
Jul 2012 / 2443 / 2431 / -48 / 2447 / 2428 / 537
Sep2012 / 2469 / 2438 / -53 / 2469 / 2438 / 201
Dec2012 / 2485 / 2454 / -53 / 2485 / 2460 / 159
Mar2013 / 2513 / 2468 / -53 / 2513 / 2474 / 64
May2013 / 0 / 2480 / -54 / 0 / 0 / 2
Jul2013 / 0 / 2492 / -51 / 0 / 0 / 6
Sep2013 / 2560 / 2517 / -53 / 2560 / 2560 / 41
Average/Totals / 2438 / 11673
Tuesday / 22nd November / 2011
Month / Open / Price / Change / High / Low / Volume
Dec 2011 / 2278 / 2250 / -14 / 2314 / 2278 / 22
Mar 2012 / 2418 / 2421 / 7 / 2466 / 2395 / 13,926
May 2012 / 2427 / 2429 / 9 / 2474 / 2403 / 2,326
Jul 2012 / 2438 / 2443 / 12 / 2485 / 2414 / 1,496
Sep2012 / 2447 / 2451 / 13 / 2492 / 2425 / 254
Dec2012 / 2463 / 2464 / 10 / 2500 / 2442 / 76
Mar2013 / 2480 / 2476 / 8 / 2494 / 2479 / 70
May2013 / 2491 / 2487 / 7 / 2496 / 2491 / 5
Jul2013 / 2508 / 2499 / 7 / 2508 / 2508 / 2
Sep2013 / 0 / 2519 / 2 / 0 / 0 / 0
Average/Totals / 2444 / 18177
Wednesday / 23rd November / 2011
Month / Open / Price / Change / High / Low / Volume
Dec 2011 / 2250 / 2246 / -4 / 2260 / 2250 / 7
Mar 2012 / 2405 / 2404 / -17 / 2439 / 2398 / 7,495
May 2012 / 2416 / 2412 / -17 / 2442 / 2408 / 1,308
Jul 2012 / 2431 / 2424 / -19 / 2455 / 2423 / 423
Sep2012 / 2440 / 2432 / -19 / 2457 / 2434 / 200
Dec2012 / 2457 / 2445 / -19 / 2457 / 2443 / 66
Mar2013 / 2473 / 2460 / -16 / 2473 / 2458 / 126
May2013 / 2478 / 2472 / -15 / 2488 / 2470 / 68
Jul2013 / 2493 / 2489 / -10 / 2501 / 2484 / 65
Sep2013 / 0 / 2509 / -10 / 0 / 0 / 0
Average/Totals / 2429 / 9758
Thursday / 24th November / 2011
Month / Open / Price / Change / High / Low / Volume
Dec 2011
Mar 2012
May 2012
Jul 2012
Sep2012
Dec2012
Mar2013
May2013
Jul2013
Sep2013
Average/Totals / #DIV/0! / 0
Friday / 25th November / 2011
Month / Open / Price / Change / High / Low / Volume
Dec 2011 / 2256 / 2238 / -8 / 2256 / 2256 / 1
Mar 2012 / 2406 / 2381 / -23 / 2411 / 2378 / 4,721
May 2012 / 2417 / 2388 / -24 / 2418 / 2387 / 502
Jul 2012 / 2412 / 2403 / -21 / 2425 / 2402 / 270
Sep2012 / 2420 / 2411 / -21 / 2423 / 2410 / 250
Dec2012 / 2436 / 2424 / -21 / 2436 / 2424 / 44
Mar2013 / 2465 / 2434 / -26 / 2465 / 2427 / 261
May2013 / 2465 / 2446 / -26 / 2465 / 2465 / 14
Jul2013 / 0 / 2461 / -28 / 0 / 0 / 1
Sep2013 / 0 / 2481 / -28 / 0 / 0 / 0
Average/Totals / 2407 / 6064
Average for the week / 2407 / 1103
1103
News
7
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
7
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
7
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
7
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
Is dark chocolate good for you?
The Hindu -
By GITA ARJUN
November 20, 2011
TASTE HEAVENLY But chocolate need not always be healthy.
With so many studies extolling the health benefits of chocolate, does it mean that we can eat chocolate with complete abandon?
Suhasini loves chocolate with a passion. She would even steal it from the mouths of babes! She is not alone in her ardour. Chocolate has been called theobroma — the food of the gods. It is the one food substance that women have a strong love-hate relationship with. Melting sensuously on the tongue, it creates the most delightful sensations, intriguingly embracing one with intense feelings of love and being loved. It is hardly surprising that chocolate has become the symbol of Valentine's Day and is the number one gift to buy for a loved one. On the other hand, women also perceive chocolate as the devil's tool, the single temptation that often makes one wander off the path of healthy food resolutions.
The production of cocoa has increased exponentially in the past few decades. According to the International Cocoa Organisation, production has risen from 1.2 million tonnes per year in 1960 to 3.2 million tonnes per year in 2004. We don't need statistics to prove to us that we are drowning in a sea of chocolate. Chocolate has gone from being a luxury food to a common confectionery, accessible to anyone.
The healthy effects of chocolate are what all of us are interested in. With so many studies coming out extolling the health benefits of chocolate on heart disease and hypertension, does it mean that we can eat chocolate with complete abandon, revelling in the food that tastes heavenly and shockingly, may actually be good for your health? Tragically, this is not true.
The good side of chocolate
Flavanoids and flavanols are plant molecules present in coloured vegetables, tea, wine and chocolate, among other food products. The flavanol epicatechin is present in cocoa and supposedly improves blood flow and helps with heart health.
Cocoa, the major ingredient of dark chocolate, contains relatively high amounts of epicatechin. White or milk chocolate lovers will be saddened to know that this type of chocolate is often devoid of flavanols, and has no health benefit.
Some studies on a relatively small number of people have shown that dark chocolate is almost as effective as drugs in decreasing high blood pressure. A recent small scientific trial showed that people who were pre-hypertensive or had early-stage hypertension could lower their blood pressure by eating small amounts of dark chocolate as part of their usual diet.
Flavanols can also decrease the risk of a heart attack by 50 per cent, coronary disease by 10 per cent, and premature death by 8 per cent. It seems that the benefits of flavanols are almost never ending. By helping the body metabolise sugars, dark chocolate may actually reduce the risk of developing diabetes. Flavanols in dark chocolate also increase HDL (“good”) cholesterol and lower LDL (“bad”) cholesterol.
In some studies, flavanols have also been shown to improve blood circulation to the brain for two to three hours after eating chocolate. So does the consumption of dark chocolate delay mental aging, improve memory and fight exhaustion?
Dark chocolate has to contain more than 60 per cent cocoa to have its beneficial effects, and is most effective when containing 75-85 per cent cocoa. How many chocolates contain that much or even taste good with those levels of cocoa?
The dark side of chocolate!
Dark chocolate can be deceptive. Many times, when we think we are eating dark chocolate, the colour is due to darkened cocoa solids; the chocolate itself does not actually contain too much cocoa. Manufacturers of chocolate remove the flavanols because they are bitter. So, unfortunately, even a dark appearing chocolate may not contain enough flavanols. Even the most health conscious among us are kept in the dark, because very rarely do manufacturers rarely label their products with information about the flavanols they contain.
It is also unfortunate that the antioxidants in chocolate are rapidly removed from the body in the normal course of events. The antioxidants, therefore, do not have enough time to show their beneficial effect on the blood vessels and the heart.
The Lancet, a leading medical journal, pointed out that “the devil in dark chocolate is the fat, sugar, and calories it also contains.” So before reaching for that piece of chocolate, remember that it contains more calories than flavonols! If you want the benefit of flavonoids and flavanols, reach for a rainbow of fruits, tea or even a glass of red wine!