copal cocoa info. 500.doc · web viewdiabetes support contains 10 ingredients to lower blood sugar...

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 Cocoa-flavoured cough medicine will be first

product to market Pure cocoa powder, found in Diabetes Support

Supplements a new product from ProactiveLife, has been clinically proven to reduce cardiovascular risk

Production and Quality Liberian Cocoa production gets US$16M Boost

Agric Minister Chenoweth Discloses

The Market PBC falls to 16-Month low on Ghana Cocoa

Forecast: Accra Mover

Processing and Manufacturing Cargill Inc. : U.S. Trade Representative Ron Kirk

visits Cargill’s cocoa processing facility in Ghana

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. 500 9th – 13th July 2012

Business & Economy

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)

9th July 1590.9 2393.62 1589.67 2323.33

10th July 1586.46 2388.08 1587.67 2315.67

11th July 1578.93 2376.6 1576.67 2305.67

12th July 1510.91 2265.86 1512.67 2199.33

13th July 1530.37 2295.95 1522.33 2225.67

Average 1560.00 2344.00 1558.00 2274.00

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 9th July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1598 1634 30 1639 1584S 3,688Sep 2012 1568 1614 46 1619S 1561 8,997Dec 2012 1549 1590 42 1597S 1542S 2,711Mar 2013 1525 1565 40 1571 1519S 4,456May 2013 1522 1559 37 1569S 1518 1,297Jul 2013 1525 1558 35 1565S 1525S 590

Sep 2013 1526 1556 31 1560 1525S 185Dec 2013 1560 1558 27 1565S 1558S 99Mar 2014 1573 1566 28 1574S 1567S 50May 2014 1577 28 0

Average/Totals 1578 22,073

Tuesday 10th July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1630 1616 -18 1640S 1594S 8,294Sep 2012 1605 1608 -6 1620S 1584 14,550Dec 2012 1580 1590 0 1596S 1565 2,733Mar 2013 1555 1565 0 1571S 1540 3,382May 2013 1549 1557 -2 1562S 1534S 1,243Jul 2013 1557 1557 -1 1562 1534S 506

Sep 2013 1554 1557 1 1560S 1538S 400Dec 2013 1559 1562 4 1560 1556 109Mar 2014 1568 2 0May 2014 1579 2 0


Wednesday 11th July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1601 1607 -9 1623S 1596S 12,988Sep 2012 1596 1596 -12 1619 1582 6,088Dec 2012 1580 1579 -11 1600S 1566 13,060Mar 2013 1555 1555 -10 1573S 1542S 4,122May 2013 1546 1549 -8 1568S 1537S 2,273Jul 2013 1551 1551 -6 1567S 1540 1,381

Sep 2013 1567 1551 -6 1568 1549S 43Dec 2013 1569 1553 -9 1573 1551S 941Mar 2014 1558 -10 0May 2014 1569 -10 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 12th July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1560 1540 -67 1575S 1540 2,306Sep 2012 1555 1520 -76 1567 1519S 12,451Dec 2012 1540 1515 -64 1554S 1513S 8,284Mar 2013 1517 1503 -52 1538 1501S 8,233May 2013 1512 1500 -49 1533S 1499S 3,071Jul 2013 1519 1503 -48 1537S 1503S 1,106

Sep 2013 1518 1505 -46 1538 1503S 335Dec 2013 1505 1507 -46 1543 1505S 386Mar 2014 1512 -46 0May 2014 1523 -46 0


Friday 13th July 2012 Month Opening Trans Settle Change High Low Volume

Jul 2012 1540 1540 0 1571S 1539S 6,666Sep 2012 1515 1529 9 1547 1515S 11,713Dec 2012 1515 1526 11 1543S 1510 3,705Mar 2013 1501 1512 9 1529S 1495S 2,245May 2013 1495 1508 8 1526S 1495 700Jul 2013 1497 1512 9 1529S 1497S 709

Sep 2013 1510 1513 8 1530S 1504S 429Dec 2013 1519 1518 11 1521 1510 76Mar 2014 1523 11 0May 2014 1534 11 0


Average for the week 1522 4771 4771



4










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

(US$ per tone)

Monday 9th July 2012 Month Open Price Change High Low Volume

Jul 2012 0 2312 67 0 0 0Sep 2012 2255 2319 67 2340 2252 9,272Dec 2012 2270 2331 66 2349 2264 3,702Mar 2013 2278 2339 72 2353 2275 1,620May 2013 2288 2345 71 2354 2282 401Jul 2013 2289 2349 70 2358 2287 96

Sep 2013 2358 2352 65 2362 2349 35Dec 2013 2370 2362 64 2370 2370 7Mar 2014 0 2371 64 0 0 0May 2014 0 2382 64 0 0 0

Average/Totals 2346 15133

Tuesday 10th July 2012 Month Open Price Change High Low Volume

Jul 2012 0 2300 -12 0 0 16Sep 2012 2318 2307 -12 2333 2270 11,869Dec 2012 2314 2322 -9 2346 2284 4,518Mar 2013 2330 2332 -7 2350 2293 2,066May 2013 2344 2340 -5 2356 2307 328Jul 2013 2362 2346 -3 2363 2325 197

Sep 2013 2367 2352 0 2367 2323 132Dec 2013 0 2362 0 0 0 0Mar 2014 0 2371 0 0 0 0May 2014 0 2381 -1 0 0 0


Wednesday 11th July 2012 Month Open Price Change High Low Volume

Jul 2012 2305 2286 -14 2306 2305 18Sep 2012 2297 2292 -15 2348 2270 11,665Dec 2012 2301 2307 -15 2361 2286 3,883Mar 2013 2313 2317 -15 2368 2294 2,245May 2013 2358 2326 -14 2371 2304 296Jul 2013 2370 2333 -13 2377 2312 329

Sep 2013 2370 2338 -14 2379 2315 84Dec 2013 2380 2347 -15 2380 2345 27Mar 2014 0 2355 -16 0 0 10May 2014 0 2365 -16 0 0 0




5









Thursday 12th July 2012 Month Open Price Change High Low Volume

Jul 2012 0 2184 -102 0 0 4Sep 2012 2250 2189 -103 2250 2174 23,335Dec 2012 2260 2207 -100 2260 2192 9,395Mar 2013 2250 2222 -95 2267 2209 6,567May 2013 2238 2236 -90 2273 2225 2,160Jul 2013 2300 2247 -86 2300 2240 600

Sep 2013 2279 2256 -82 2279 2253 128Dec 2013 2290 2267 -80 2298 2280 48Mar 2014 0 2277 -78 0 0 3May 2014 0 2287 -78 0 0 0


Friday 13th July 2012 Month Open Price Change High Low Volume

Jul 2012 0 2210 26 0 0 15Sep 2012 2189 2216 27 2242 2176 12,819Dec 2012 2200 2233 26 2259 2197 5,405Mar 2013 2215 2249 27 2274 2211 2,773May 2013 2236 2262 26 2270 2227 629Jul 2013 2268 2273 26 2286 2256 239

Sep 2013 2274 2283 27 2290 2264 77Dec 2013 2284 2294 27 2293 2284 6Mar 2014 0 2304 27 0 0 2May 2014 0 2314 27 0 0 0


Average for the week 2264 3994 3994



6










News

Cocoa-flavoured cough medicine will be first product to marketVirtual Press Office (press release)July 9, 2012 /PRNewswire/ --A consumer healthcare company, infirst HEALTHCARE, has today been established to launch and commercialise new, fast-to-market consumer medicines which bring a novel approach to a market where there has been little new innovation in decades. The new medicines utilize infirst's intellectual property to improve safe and well-established drugs and the first products will be launched in the indications of cough & cold and pain. These two indications represent the most prevalent health conditions and the two largest segments of the global OTC market.

infirst HEALTHCARE will be led by Manfred Scheske, who was previously President of GlaxoSmithKline's USD 3 billion European Consumer Healthcare business. The new company has already signed a licence agreement with a key strategic partner in the US, for which it has received a USD 5 million upfront payment, with further near term milestones and royalties to be earned from product sales. infirst HEALTHCARE is a spin-out of the UK drug discovery group, SEEK.

infirst HEALTHCARE's most advanced product in development is a cocoa-flavoured medicine for the treatment of cough & cold, which is expected to be launched in time for the winter flu season in Q4 2013 by infirst's partner in the US and thereafter by infirst itself in Europe. Next in line behind the cough medicine is an ibuprofen-based, healthy plant oil infused product for the treatment of inflammatory pain.

Cough affects over 800 million patients worldwide, with an estimated 12% of the general population (7.5 million in the UK), experiencing the symptoms on a regular basis. Market surveys of the cough & cold market conducted by infirst HEALTHCARE have indicated that there is huge demand for a natural, flavoursome product (cocoa) which can be combined with a medicinal product (cough liquid) to provide a more pleasant and comforting experience for the patient.

In addition to its cough & cold and pain products, infirst HEALTHCARE is developing a broad portfolio of improved and fast-to-market drugs (adding natural ingredients to safe and well-established drugs). These medicines have a rapid regulatory path to market as their indication, dose, regime and label remain unchanged.

The marketing strategy to be employed by infirst HEALTHCARE will be similar to that used by some of the largest consumer health brands such as Sensodyne® and Tylenol®. These brands were built on the endorsement of healthcare professionals and on effective symptom relief, leading to patient preference (PEPP - professionally endorsed, patient preferred.)

Commenting on today's announcement, Manfred Scheske, CEO of infirst HEALTHCARE, said:

"We have talked to many healthcare practitioners who have confirmed the need for new, improved options for the treatment of cough and pain that are safe and cost-effective. Feedback from consumer research has also overwhelmingly confirmed the need for new products that have natural ingredients, such as cocoa, that can be combined with existing safe medicines to deliver an enhanced outcome for the patient. infirst HEALTHCARE's products will bring novel solutions to the most prevalent conditions such as cough and pain and I am very excited that we are in a position to deliver these products to consumer healthcare markets around the world."

Commenting on today's announcement, Gregory Stoloff, CEO of SEEK group, infirst HEALTHCARE's parent company, said:



7

NEWS

Health and Nutrition



"With ageing populations and stressed healthcare budgets, markets everywhere are in need of safe and affordable and fast-to-market medicines which can deliver a better outcome for patients. infirst HEALTHCARE's new approach to well-known medicines will meet this market need. Manfred Scheske's background, with multi-geographical experience and his long and impressive track record including leadership of GlaxoSmithKline's consumer healthcare businesses in Europe and the US, makes him an ideal CEO for this new enterprise."

About infirst HEALTHCARE

HEALTHCARE is a new consumer healthcare company focused on improving well established drugs with IP protected solutions for the OTC/Primary care market which can be launched within 12-36 months. infirst HEALTHCARE is a spin-out from SEEK, a UK privately-owned drug discovery group which uses its intellectual property to create breakthrough medicines addressing major diseases, bringing radical improvements to human health.

About Manfred Scheske

Manfred Scheske joined the Executive Team of SEEK in October 2010. At SEEK he was responsible for SEEK's small molecule portfolio, now incorporated in infirst HEALTHCARE, and became CEO of infirst on its formation in 2012.

Prior to joining SEEK, Manfred was President of GSK's USD 3 billion European Consumer Healthcare business (including brands such as alli, Aquafresh, Beechams, Corsodyl, Lucozade, Niquitin, Panadol. Piriton, Poligrip, Ribena, Sensodyne, Solpadeine, Zantac and Zovirax) from 2004 to 2010 and also spent six years as President of GSK's Consumer Healthcare business in North America.

About SEEK

Founded in 2004, SEEK (previously known as PepTcell) is privately-owned and funded, with headquarters in London, UK. Using a pioneering scientific and commercially-driven approach, SEEK aims to create breakthrough medicines which address major diseases in order to radically improve human health. SEEK's strategy is to take promising molecules through the challenging stages of discovery to late-stage human proof-of-principle and then to seek partners to take the molecules through the final stages of development and ultimately commercialisation.

Additional information about SEEK and infirst HEALTHCARE is available on the Company's website located at http://www.seekacure.com

Pure cocoa powder, found in Diabetes Support Supplements a new product from ProactiveLife, has been clinically proven to reduce cardiovascular riskSeattle Post Intelligencer Rancho Palos Verdes, July 12, 2012

Cocoa the pure form of chocolate has been proven to reduce the risk of stroke and improve blood flow for people with Type 2 Diabetes.

Diabetes Support Supplements, a new dietary supplement from ProactiveLife, is the first product to infuse pure cocoa powder with nine other ingredients to provide support for healthy blood glucose levels and cardiovascular support. Recent studies have shown pure cocoa lowers cardiovascular risk.

According to the Journal of American College of Cardiology June 3rd addition type 2 diabetics who consumed pure cocoa witnessed a 30% increase in arterial blood flow.



8



http://www.seekacure.com/

At the American Heart Institute’s conference in 2011 Harvard researchers looked at 21 studies involving 2,575 participants and found that cocoa consumption is associated with decreased blood pressure, improved blood vessel health, and improvement in cholesterol levels, among other benefits. Eric L. Ding, PhD, of Harvard Medical School believes the healths benefits come from polyphonic flavonoids in cocoa.

A meta analysis conducted by the British Medical Journal (BMJ) in 2011 reported the following. “Of the seven studies, five trials reported a significant inverse association between chocolate intake and cardiometabolic disorders. For example, individual studies showed reductions in the risk of coronary heart disease, the risk of cardiovascular disease mortality, and the risk of incident diabetes in men.”

A presentation at the European Society of Cardiology (ESC) 2011 Congress showed that people who consumed the most chocolate had a 29% lower risk of stroke compared with people who consumed the lease amount of chocolate.

ProactiveLife was founded in 2011 to help people take control of their health. The approach incorporates community, lifestyle changes, and natural supplements to assist people with blood sugar regulation and provide cardiovascular support.

Diabetes Support contains 10 ingredients to lower blood sugar naturally including cocoa, cinnamon, omega-3, vitamin D and others while providing cardiovascular support. Along with lifestyle changes including diet and exercise Diabetes Support is a new proactive approach to better health.

Liberian Cocoa production gets US$16M Boost Agric Minister Chenoweth DisclosesLiberian Daily Observer By William Q. Harmon09 July 2012

Agriculture Minister Florence Chenoweth Agriculture Minister Florence Chenoweth

In an effort to improve the cocoa industry to meet international standards, the Government of Liberia (GOL), through the Ministry of Agriculture (MOA), has secured a loan over US$16 million.

“The loan has been secured to strengthen the cocoa production sector by introducing new technologies, the provision of high quality machines that will increase production. The loan will also

provide means for farmers to be taught new methods of processing their products,” the Minister said.

Dr. Florence Chenoweth told Journalists during the regular press briefing at the ministry of information, Culture Affairs and tourism (MICAT), that the loan was secured by the government, through MOA, to be infused in the cocoa subsector to increase productivity and to also yield quality output.

Dr. Chenoweth said the quality of cocoa Liberia exports today is of substandard, which is affecting the country’s revenue generation and also contributing problem of balance of payment as it relates to imports and exports. “Liberia used to export high quality cocoa to the International market prior to our civil crisis, today what Liberia sends out is mixed and the quality is poor,” she said pointing out that because of this our cocoa is automatically fined US$300.00.

She said: “We want to turn this unfortunate situation around by introducing new technological methods of processing the cocoa product to our numerous farmers in order to increase production and improve the quality and standard of the Liberian cocoa,” she said.



9

Production & Quality



It is also our vision to increase farmers production to enable them receive high market prices, the minister said, for their cocoa products to help increase our export revenue accrued into government’s coffers.

According to the MOA boss the loan will be concentrated mainly in Lofa County, which she said provides the ideal soil, temperature and other advantages for the production of high quality cocoa. “We are going to place emphasis mostly on cocoa farmers that are in Lofa County, because Lofa provides the ideal soil for cocoa farming and other advantages,” she said.

The MOA boss was reluctant to disclose the source of the loan, but told Journalists that the loan will help Increase Avenue for the employment of Liberians, especially young people.

She said, the loan will also be used to ensure food security for rural communities that are totally involved in the production of cocoa, which incapacitates them to do rice or cassava farming. “The loan will also help ensure food security, especially in the rural areas for all of those who will not be in food production”, Dr. Chenoweth said.

Minister Chenoweth, however, did not disclose the actual time the cocoa improvement process will start in Lofa.

PBC falls to 16-Month low on Ghana Cocoa Forecast: Accra MoverBusinessweekBy Moses Mozart Dzawu July 11, 2012Produce Buying Co. (PBC), the biggest buyer of cocoa beans from farmers in Ghana fell to the lowest in almost 16 months after the Ghana Cocoa Board said its mid-crop harvest may fall from a year earlier.

The stock, also known as PBC, fell 4.8 percent to close at 20 pesewas in Accra, the capital, the lowest since March 21, 2011.

Cocobod, as the regulator is known, yesterday forecast that the mid-crop, the smaller of two annual harvests, would plunge to 42,000 metric tons from 80,000 tons a year earlier, spokesman Noah Amenyah said by phone today from Accra. PBC’s revenue depends on the number of tons of cocoa it is able to buy from farmers in a season, Xorlali Torsu, a stock trader at Databank Financial Services Ltd. in Accra, said by phone.

The company had targeted buying 55 percent of the harvest that spans July to September, Deputy Managing Director George Boateng said on June 8.

The harvest may be revised upward on good rains, Kwabena Asante Poku, deputy chief executive officer at Cocobod, said by phone today.

Cargill Inc. : U.S. Trade Representative Ron Kirk visits Cargill’s cocoa processing facility in Ghana4-traders07/12/2012 | Tema, Ghana - 12 July 2012 - Cargill has welcomed U.S. Trade Representative Ron Kirk to its cocoa processing facility in Tema, Ghana as part of his visit to the West African country.

Ambassador Kirk took the opportunity to tour Cargill's state-of-the-art cocoa processing facility to see how the company's investment is supporting the development of the Ghanaian cocoa sector by providing access to the global market and encouraging the adoption of sustainable farming practices amongst small-scale Ghanaian cocoa farmers.



10

The Market

Processing & Manufacturing



"We are delighted Ambassador Kirk was able to personally see how our investment in Ghana is supporting the growth of the country's cocoa sector, as well as helping improve the livelihoods of thousands of Ghanaian cocoa farmers", said Wouter Evers, operations manager for Cargill's cocoa and chocolate business in Ghana. "We firmly believe by improving global market access and supporting more sustainable cocoa production, we can help farmers improve their livelihoods and strengthen the local economy so that cocoa farming can thrive in Ghana for many generations to come."

Cargill has been sourcing cocoa from Ghana for over 40 years and opened its U.S. $100 million cocoa processing facility in 2008, which annually processes 65,000 metric tonnes of Ghanaian cocoa beans into high quality products including cocoa butter and powders to meet the growing demand from customers around the world. The company directly employs around 200 permanent staff and indirectly supports many more jobs.

Its cocoa facility in Ghana is playing an important part in supporting the Cargill Sustainable Cocoa Program, which is working to improve the lives of cocoa farmers and their families, and to secure the long-term sustainability of cocoa production.

"Cargill believes that trade, when combined with increased investment in agricultural development to prepare farmers for the global economy, contributes to enhanced economic growth, decreased poverty, greater cross-cultural exchange and a more nourished world," continued Evers.

In February 2012, Cargill - in close cooperation with the Ghana Cocoa Board - announced a four year commitment to farmer training in Ghana. The farmer training program aims to reach 15,000 farmers and support cocoa farming communities in the Ashanti and Western regions of Ghana.

Cargill's training will be provided through a network of Farmer Field Schools, where farmers will receive extensive training to help them rejuvenate cocoa farms and apply best agricultural practices related to pest control, harvest and post-harvest practices. The initiative will also cover social issues like raising awareness of HIV and the importance of schooling for children. Crucially the program will help strengthen farmer organizations and encourage knowledge sharing amongst cocoa growers. All training will be in accordance with the UTZ Certified Code of Conduct.

The company is also supporting activities to support cocoa farming communities in Ghana. In 2010, Cargill announced a three-year U.S. $5 million commitment to support sustainable cocoa in Ghana and Côte d'Ivoire. This includes a partnership with CARE to help improve the livelihoods of cocoa farmers and their families across 110 communities in the Ashanti, Brong Ahafo and Central regions of Ghana byimproving access to education, providing basic services for at least 60,000 children and helping address the worst forms of child labour.

Cargill has been operating in Africa since 1981 and is active in a number of markets across the continent in areas including cocoa origination and processing; cotton origination and ginning; grain and oilseed trading and processing; sugar trading and distribution; specialty food ingredients processing; and energy trading and transportation.



11

Business & Economy

Labour Issues

Environmental Issues



Ivory Coast seeks funds to stop



12

Research & Development

Promotion & Consumption

Others



copal cocoa info. 500.doc · web viewdiabetes support contains 10 ingredients to lower blood sugar...

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