INSIDE THIS ISSE:

ICCO DAILY COCOA PRICES LONDON (LIFFE) FUTURES

MARKET UPDATE NEW YORK (ICE) FUTURES

MARKET UPDATE FROM THE NEWS MEDIA TIT BITS

Course on products from cocoa by-products – 21st February – 4th March 2011, New Tafo-Akyem, Ghana

Sub-committee of the COPAL 50th Anniversary – 15th March 2011 – ICCO Board Room, 1-19 New Oxford Street, London, United Kingdom.

Selection Committee for the post of New Secretary General – 16th March 2011 - ICCO Board Room, 1-19 New Oxford Street, London, United Kingdom.

Market Committee of Experts – 17th March 2011 - ICCO Board Room, 1-19 New Oxford Street, London, United Kingdom.

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

Health and Nutrition

Production and Quality

The Market

Processing & Manufacturing

Business & Economy

Labour Issues

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. 422 10th – 14th January 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)

10th January 1947.73 2967.65 1950.00 2902.67

11th January 1975.69 3016.48 1975.67 2952.00

12th January 1997.91 3016.48 1987.67 2984.67

13th January 1997.91 3052.09 1970.33 2983.67

14th January 2013.66 3115.21 2009.33 3047.33

Average 1984.00 3040.00 1979.00 2974.00

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: econs@copal-cpa.org Website: www.copal-cpa.org2

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

(£ per tone)

Monday 10th January 2011        Month Opening Trans Settle Change Daily High Daily Low Volume

Mar  2011 1921 1940 12 1941 1907 5,572May  2011 1931 1948 12 1949 1918 1,767Jul  2011 1941 1962 12 1962 1932S 624Sep  2011 1952 1968 12 1968S 1939S 787Dec  2011 1961 1977 11 1977S 1950 299Mar  2012 1970 1983 8 1983 1970 21May  2012 1983 1988 6 1992S 1983S 2,000

Jul-12 1979 1997 9 1988 1977 110Sep-12 1995 2006 6 2004S 1995S 2,000

Dec  2012   2006 6     0Average/Totals   1978       13,180

Tuesday 11th January 2011        Month Opening Trans Settle Change High Low Volume

Mar  2011 1935 1970 30 1973 1932 12,254May  2011 1943 1973 25 1977 1938 3,665Jul  2011 1956 1984 22 1988 1950S 4,051Sep  2011 1960 1991 23 1995 1960S 617Dec  2011 1971 2004 27 2003S 1968S 913Mar  2012 1979 2012 29 2010S 1979S 1,325May  2012 1979 2018 30 2015 1979S 1,020

Jul-12 1991 2024 27 2013 1991S 2,259Sep-12   2029 23     0

Dec  2012 2003 2029 23 2020S 2003S 2,000Average/Totals   2003       28,104

Wednesday 12th January 2011        Month Opening Trans Settle Change High Low Volume

Mar  2011 1978 1980 10 2000 1975 5,828May  2011 1978 1985 12 2001 1978 1,345Jul  2011 2001 1998 14 2012S 1993 1,774Sep  2011 2002 2004 13 2021 1998S 667Dec  2011 2027 2017 13 2029S 2014 106Mar  2012   2025 13     0May  2012 2028 2031 13 2028S 2028S 100

Jul-12 2034 2037 13 2041S 2034S 754Sep-12   2042 13     0

Dec  2012 2056 2042 13 2056S 2056S 500Average/Totals   2016       11,074

Thursday 13th January 2011        Month Opening Trans Settle Change High Low Volume

Mar  2011 1970 1964 -16 1973 1973 5,350

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: econs@copal-cpa.org Website: www.copal-cpa.org3

May  2011 1976 1967 -18 1977 1977 2,869Jul  2011 1988 1980 -18 1990 1990 748Sep  2011 1990 1986 -18 1990 1990 2,354Dec  2011 1999 1999 -18 2001S 2001S 259Mar  2012 2011 2007 -18 2011S 2011S 14May  2012   2010 -21     0

Jul-12 2023 2019 -18 2023S 2023S 12Sep-12 2019 2025 -17 2024S 2024S 550

Dec  2012 2028 2034 -8 2033S 2033S 550Average/Totals   1930       12,706

Friday 14th January 2011        Month Opening Trans Settle Change High Low Volume

Mar  2011 1970 2006 42 2011 1954 8,509May  2011 1971 2007 40 2014 1956 2,308

Jul  2011 1976 2015 35 2023S 1969S 1,985Sep  2011 1976 2017 31 2025S 1975 2,186

Dec  2011 1987 2026 27 2033S 1987 1,301Mar  2012 2014 2035 28 2046S 2014S 102

May  2012 2021 2041 31 2050S 2021S 505Jul-12 2041 2047 28 2055S 2040S 50

Sep-12   2053 28     0Dec  2012 2042 2062 28 2048S 2042S 500

Average/Totals   1924       17,446

Average for the week 2021       16502          82,510

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: econs@copal-cpa.org Website: www.copal-cpa.org4

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

(US$ per tone)

Monday 10th January 2011        Month Open Price Change High Low Volume

Mar  2011 2830 2881 31 2887 2823 8,517May  2011 2860 2905 32 2910 2848 2,195Jul  2011 2870 2921 32 2926 2865 826Sep  2011 2895 2939 30 2940 2885 377Dec  2011 2915 2958 28 2958 2915 89Mar  2012 2995 3023 26 3000 2982 145May  2012 2973 3020 24 2990 2973 146Jul  2012 2976 3023 24 2990 2976 110Sep  2012 0 3021 22 0 0 0Dec  2010 0 3021 22 0 0 0

Average/Totals   2160       12405

Tuesday 11th January 2011        Month Open Price Change High Low Volume

Mar  2011 2875 2934 53 2943 2855 8,499May  2011 2900 2957 52 2963 2889 1,520Jul  2011 2911 2973 52 2979 2900 1,410Sep  2011 2935 2997 58 3000 2920 1,419Dec  2011 2983 3017 59 3019 2979 290Mar  2012 3041 3075 52 3080 3041 219May  2012 3005 3071 51 3064 3005 23Jul  2012 3033 3074 51 3045 3033 9Sep  2012 0 3074 53 0 0 0Dec  2010 0 3074 53 0 0 0

Average/Totals   3025       13389

Wednesday 12th January 2011        Month Open Price Change High Low Volume

Mar  2011 2945 2959 25 2985 2934 7,287May  2011 2958 2980 23 3005 2958 1,693Jul  2011 2994 2997 24 3013 2983 689Sep  2011 3020 3018 21 3035 3006 1,049Dec  2011 3032 3041 24 3054 3032 264Mar  2012 3100 3099 24 3100 3096 33May  2012 0 3092 21 0 0 0Jul  2012 0 3094 20 0 0 0Sep  2012 3078 3088 14 3078 3078 1Dec  2010 0 3098 24 0 0 0

Average/Totals   3047       11016

Thursday 13th January 2011        Month Open Price Change High Low Volume

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: econs@copal-cpa.org Website: www.copal-cpa.org5

Mar  2011 2947 2952 -7 2985 2924 7,762May  2011 2977 2976 -4 3009 2948 2,522Jul  2011 2981 2994 -3 3025 2970 961Sep  2011 3000 3015 -3 3042 2990 234Dec  2011 3040 3039 -2 3065 3015 996Mar  2012 3100 3095 -4 3120 3100 46May  2012 3115 3089 -3 3115 3115 10Jul  2012 0 3091 -3 0 0 7Sep  2012 0 3092 4 0 0 0Dec  2010 0 3102 4 0 0 0

Average/Totals   3045       12538

Friday 14th January 2011        Month Open Price Change High Low Volume

Mar  2011 2970 3019 67 3050 2938 10,747May  2011 2992 3041 65 3073 2962 4,215Jul  2011 3007 3056 62 3086 2985 1,080Sep  2011 3028 3074 59 3101 3000 786Dec  2011 3028 3093 54 3117 3027 495Mar  2012 3095 3154 59 3163 3095 45May  2012 3125 3147 58 3154 3122 4Jul  2012 0 3151 60 0 0 0Sep  2012 3147 3154 62 3147 3147 5Dec  2010 0 3154 52 0 0 0

Average/Totals   3104       17377

Average for the week 3104       3159          3159

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: econs@copal-cpa.org Website: www.copal-cpa.org6

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: econs@copal-cpa.org Website: www.copal-cpa.org7