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									                  COPAL COCOA Info
                                 A Weekly Newsletter of Cocoa Producers' Alliance
                 Issue No. 499                                                      2nd – 6th July 2012
In-House Cocoa Newsletter
 Cocoa Producers' Alliance




                                 UP-COMING EVENTS                                   IN THIS ISSUE


                                                                              ICCO INSIDE THIS ISSE:
                                                                                    DAILY COCOA PRICES
                                                                              LONDON (LIFFE) FUTURES MARKET
                                                                               UPDATE
                                                                              NEW YORK (ICE) FUTURES MARKET
                                                                               UPDATE
                                                                              FROM THE NEWS MEDIA




                                 Do your health a favour, drink Cocoa everyday
                                           ‘It’s nature’s miracle food’
In the News (from Newspapers worldwide)
 Health and Nutrition                                  Labour Issues
                                                       Child labor still issue on Ivory Coast cocoa farms

Production and Quality                                 Environmental Issue
 Needed: Sunshine for cocoa crop                      

The Market                                             Research & Development
 Cameroon’s average Cocoa Exports rose 2.6% in        
    Week to July 2
                                                       Promotion & Consumption
Processing and Manufacturing                           
 Brazil’s Cocoa processing declined 4.8% in
    Second Quarter                                     Others
                                                       
Business & Economy
 Nigeria to earn $136m from cassava export to
    China




ICCO Daily Cocoa Prices
                        ICCO Daily Price    ICCO Daily price      London futures       New York futures
                          (SDR/tonne)         ($US/tonne)            (£/tonne)           ($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




                    ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                         2
           TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                     FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org
                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           3,483
   Sep 2012                  1582                 1577             3          1585         1563S           6,739
   Dec 2012                  1560                 1556             3         1564S         1540S           3,712
   Mar 2013                  1530                 1527             1         1532S         1510            3,037
   May 2013                  1529                 1526             1         1531S         1512S            432
   Jul 2013                  1532                 1529             0         1532S         1518S            407
   Sep 2013                  1530                 1533             1         1530S         1522S            147
   Dec 2013                  1545                 1542             1          1545         1537             315
   Mar 2014                  1550                 1549             1          1550         1550              5
  May 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            2,297
   Sep 2012                  1585                 1598            21          1606         1581S           8,818
   Dec 2012                  1561                 1568            12         1576S         1558            3,265
   Mar 2013                  1532                 1541            14         1550S         1527S           4,978
   May 2013                  1534                 1539            13         1548S         1526S           1,174
   Jul 2013                  1536                 1541            12         1549S         1526S            450
   Sep 2013                  1540                 1543            10         1547S         1535S            477
   Dec 2013                  1551                 1550             8          1556         1545S            821
   Mar 2014                                       1557             8                                         0
  May 2014                                        1568             8                                         0
Average/Totals                                    1566                                                     22,280


Wednesday           4th July                  2012
Month                  Opening Trans             Settle        Change         High          Low        Volume
   Jul   2012                1646                 1635            -16         1651         1626S           3,258
   Sep 2012                  1598                 1586            -12         1604         1578            4,319
   Dec 2012                  1568                 1555            -13        1571S         1549S            762
   Mar 2013                  1543                 1529            -12        1545S         1520            1,374
   May 2013                  1539                 1527            -12        1543S         1522             408
   Jul 2013                  1542                 1529            -12        1544S         1514S             40
   Sep 2013                  1544                 1531            -12        1544S         1534S             85
   Dec 2013                                       1538            -12                                        0
   Mar 2014                                       1545            -12                                        0
  May 2014                                        1556            -12                                        0
Average/Totals                                    1553                                                     10,246




                  ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                               3
         TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                   FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org
Thursday            5th July                  2012
Month                  Opening Trans             Settle        Change         High          Low        Volume
   Jul   2012                1644                 1637             2          1653         1627S           3,897
   Sep 2012                  1598                 1597            11          1619         1586            6,508
   Dec 2012                  1565                 1572            17         1595S         1561            2,639
   Mar 2013                  1539                 1545            16          1572         1535S           5,125
   May 2013                  1539                 1542            15         1568S         1535S           1,103
   Jul 2013                  1541                 1543            14         1570S         1541             395
   Sep 2013                  1544                 1545            14          1570         1544S            646
   Dec 2013                  1550                 1552            14          1552         1550              90
   Mar 2014                                       1559            14                                         0
   May 2014                                       1570            14                                         0
Average/Totals                                    1558                                                     20,403



Friday              6th July                  2012
Month                  Opening Trans             Settle        Change         High          Low        Volume
   Jul   2012                1625                 1604            -33         1631         1585S           3,844
   Sep 2012                  1579                 1568            -29         1594         1545S           7,019
   Dec 2012                  1555                 1548            -24         1569         1525            4,307
   Mar 2013                  1542                 1525            -20        1544S         1497            2,976
   May 2013                  1534                 1522            -20        1542S         1494S           1,086
   Jul 2013                  1528                 1523            -20         1535         1501S             59
   Sep 2013                  1527                 1525            -20        1527S         1524S             4
   Dec 2013                  1524                 1531            -21        1524S         1524S            200
   Mar 2014                                       1538            -21                                        0
   May 2014                                       1549            -21                                        0
Average/Totals                                    1543                                                     19,495



Average for the week                             1543                                                      3545
                                                                                                           3545




                  ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                               4
         TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                   FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org
                                    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           12
   Sep 2012                  2291               2290           -1          2311         2261         13,212
   Dec 2012                  2273               2305           1           2326         2273         6,584
   Mar 2013                  2309               2307           1           2318         2281         2,266
   May 2013                  2316               2310           2           2323         2305         1,893
   Jul 2013                  2322               2318           2           2328         2294          358
   Sep 2013                  2328               2325           1           2335         2318          347
   Dec 2013                  2340               2339           3           2346         2331          111
   Mar 2014                    0                2349           3             0            0                0
   May 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               1
   Sep 2012                  2296               2350           60          2358         2296         15,903
   Dec 2012                  2308               2361           56          2367         2308         5,588
   Mar 2013                  2315               2361           54          2367         2315         3,122
   May 2013                  2325               2363           53          2369         2325         1,582
   Jul 2013                  2332               2368           50          2372         2332          187
   Sep 2013                  2368               2375           50          2374         2366           32
   Dec 2013                  2380               2388           49          2389         2380          134
   Mar 2014                    0                2398           49            0            0                1
   May 2014                    0                2412           48            0            0                1
Average/Totals                                  2372                                                 26551



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




                  ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                            5
         TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                   FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org
Thursday            5th July                 2012
    Month                   Open                Price       Change         High         Low         Volume
   Jul   2012                2330               2318          -26          2344         2327           32
   Sep 2012                  2328               2328          -22          2375         2304         14,603
   Dec 2012                  2330               2337          -24          2381         2317         6,181
   Mar 2013                  2342               2335          -26          2378         2315         2,152
   May 2013                  2342               2336          -27          2380         2311         1,547
   Jul 2013                  2347               2338          -30          2368         2335          624
   Sep 2013                  2344               2345          -30          2356         2343          109
   Dec 2013                  2368               2359          -29          2373         2358          354
   Mar 2014                    0                2367          -31            0            0            99
   May 2014                    0                2378          -34            0            0                8
Average/Totals                                  2344                                                 25709



   Friday           6th July                    2012
    Month                   Open                Price       Change         High         Low         Volume
   Jul   2012                  0                2245          -73            0            0                7
   Sep 2012                  2325               2252          -76          2325         2233         13,062
   Dec 2012                  2310               2265          -72          2330         2242         3,749
   Mar 2013                  2326               2267          -68          2327         2242         1,710
   May 2013                  2296               2274          -62          2322         2260          941
   Jul 2013                  2300               2279          -59          2319         2270          283
   Sep 2013                  2307               2287          -58          2307         2297          200
   Dec 2013                  2338               2298          -61          2340         2306          225
   Mar 2014                    0                2307          -60            0            0            16
   May 2014                    0                2318          -60            0            0           374
Average/Totals                                  2279                                                 20567



Average for the week                           2279                                                  3739
                                                                                                     3739




                  ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                            6
         TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                   FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org
                                                  News
                                                  NEWS

  Health and Nutrition




  Production & Quality

Needed: Sunshine for cocoa crop
Sowetan
Jul 3, 2012
ABIDJAN — 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.

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.


                   ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                                 7
          TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                    FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org
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.


  The Market

Cameroon’s average Cocoa Exports rose 2.6% in Week to July 2
Bloomberg
By Pius Lukong
Jul 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       1,241
June 29       1,196
June 28       1,196
June 27       1,138
June 26       1,138
Average       1,182


  Processing & Manufacturing

Brazil’s Cocoa processing declined 4.8% in Second Quarter
Businessweek
By Claudia Carpenter on
July 08, 2012
Brazil’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.


   Business & Economy

Nigeria to earn $136m from cassava export to China
BusinessDay
28 June 2012
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.




                   ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                                8
          TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                    FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org
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.”


   Labour Issues

Child labor still issue on Ivory Coast cocoa farms
The Associated Press
By LAURA BURKE
Jun 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.

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.



                   ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                                  9
          TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                    FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org
"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.


   Environmental Issues




  Research seeks funds to stop
Ivory Coast & Development




  Promotion & Consumption



   Others




                   ALLIANCE OF COCOA PRODUCING COUNTRIES, NATIONAL ASSEMBLY COMPLEX,                                 10
          TAFAWA BALEWA SQUARE, P.O. BOX 1718, LAGOS, NIGERIA. TEL: +234-70-9814-1735; +234-70-9814-1736;
                    FAX: +234-1-290-4262 Email: econs@copal-cpa.org Website: www.copal-cpa.org

								
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