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 – 21 st February – 4 th March 2011, New Tafo-Akyem, Ghana Sub-committee of the COPAL 50 th Anniversary – 15 th March 2011 – ICCO Board Room, 1-19 New Oxford Street, London, United Kingdom. Selection Committee for the post of New Secretary General – 16 th March 2011 - ICCO Board Room, 1-19 New Oxford Street, COPAL COCOA COPAL COCOA Info Info A Weekly Newsletter of Cocoa Producers' Alliance Do your health a favour, drink Cocoa everyday UP-COMING EVENTS IN THIS Issue No. 428 21 st - 25 th February 2011
Transcript
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 How cocoa benefits heart - Study
Production and Quality Nigerian Youths To Lose Interest In Cocoa
Farming In 10 Years School Children Tour Cocoa Farms Group partners COCOBOD to raise cocoa
production
The Market Cocoa from Ghana Earns Premium Price on
International 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. 428 21st - 25th February 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)
21st February 2264.36 3528.19 2219.33 3467.5
22nd February 2290.82 3581.15 2269.67 3512.00
23rd February 2290.82 3581.15 2269.67 3512.00
24th February 2303.01 3613.9 2282.00 3562.00
25th February 2315.7 3634.65 2303.00 3576.33
Average 2293.00 3588.00 2269.00 3526.00
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
How cocoa benefits heart - StudyNigerian Tribune By Sade Oguntola 24 February 2011IN the last decade significant studies have shown the health benefits of eating chocolate - or more specifically cocoa - as this food contains polyphenol, antioxidants similar to those found in red wine, fruits and vegetables that help to reduce the risk of heart disease.
Researchers in a new study to explain how cocoa benefits the heart related its heart health benefits to its polyphenol content found to boost the HDL (good) cholesterol in the blood. An improved higher ratio of “good” cholesterol to “bad cholesterol,” is associated with a lower risk for cardiovascular disease.
Polyphenols and flavonols are the main groups of antioxidants known for their health benefits. Antioxidants, consisting of vitamins A, C, E and beta carotene, protect cells from the damage by neutralizing free radicals, helping to thwart cancer, aging, and cardiovascular disease.
Writing in the Journal of Agricultural and Food Chemistry, the researchers reported that cocoa’s potential ability to boost HDL levels was related to a protein, which boost levels of a compound called apolipoprotein A1 (Apo-A1), which is required by the body to produce HDL-cholesterol.
While it is known that consumption of cocoa polyphenols may boost HDL cholesterol levels, and decrease LDL cholesterol levels, the Japanese researchers state that “the mechanisms responsible for these effects of cocoa on cholesterol metabolism have yet to be fully elucidated”.
The awareness on the health benefits of polyphenols from cocoa have been on the increase for some years. To date studies have reported potential benefits for cardiovascular health, skin health, and even brain health.
However, not just any cocoa product will do. The heart benefits are reserved for cocoa powder and dark chocolate only, both of which are high in antioxidants and low in sugar.
The results of an eight-year study by German researchers showed that eating just 6 grams of chocolate—the equivalent of one square—per day, lowered the risk of heart attack and stroke by 39 percent.
This isn’t the first study to extol the benefits of chocolate. Findings of research conducted by McMaster University in Hamilton, Ontario, Canada indicated that eating about one bar of chocolate per week can help decrease the risk of stroke by 22 percent, as well as reduce the risk of death after a stroke.
Even those who have already suffered a heart attack can benefit from the consumption of chocolate, indicated a study in an issue of the Journal.
Nigerian Youths To Lose Interest In Cocoa Farming In 10 YearsWall Street Journal -By Obafemi Oredein; Dow Jones Newswires; 234 2 7510489 February 22, 2011, IBADAN, Nigeria (Dow Jones)--Nigerian youths will lose interest in cocoa farming in 10 years if the country's rural areas are not provided with adequate infrastructure, a cocoa expert said Tuesday.
Chris Okafor of the International Institute of Tropical Agriculture, or IITA, said the country's cocoa farmers are old, with average age at 58 while life expectancy in the country is 47.
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
"In 10 years time we may not have youths in the Nigerian cocoa economy again. We should do something about it, modern amenities must be provided in rural areas," Okafor said.
He spoke on a family succession crisis amongst cocoa farmers in Nigeria at a ceremony in honor of Erelu Olusola Obada and Kehinde Ajao, respectively former vice chairman and former secretary of the state-run National Cocoa Development Committee, or NCDC, for their contribution to cocoa development in Nigeria.
He said to retain youths in cocoa farming government must provide electricity, good roads, adequate water supply, health facilities, well-equipped educational institutions, and modern sports and entertainment facilities in the rural areas.
Nigeria is the world's fourth-largest cocoa producer after Ivory Coast, Ghana and Indonesia, with production of around 320,000 metric tons of cocoa a year.
School Children Tour Cocoa FarmsModern Ghana Source: Eugenia Adjei- Mensah - Daily Graphic24 Feb 2011
The Ghana Tourist Board has organised a cocoa-trail tour for schoolchildren in Accra and Mampong as part of its activities for the National Chocolate Day celebrations.
The cocoa trail tour started from the Tetteh Quarshie Cocoa Farm at Mampong-Akwapim, in the Eastern Region and ended at Agyeikrom, a cocoa farming community near Begoro, in the Eastern Region.
The Deputy Executive Director in charge of Operations of The Ghana Tourist Board, Mr Frank Kofigah, said the essence of the tour was to educate schoolchildren on the various stages of processing cocoa into
chocolate.
“It is also to redirect children’s attention from engaging in immoral acts during Valentine’s Day”, he added.
Mr Kofigah said, there was the need to assist children to avoid unhealthy lifestyles that could affect their education and future badly.
At the Tetteh Quarshie Cocoa farm, the children were briefed about Tetteh Quarshie, the man who first brought cocoa to Ghana. They were also educated on how cocoa was processed into various cocoa products, including chocolate.
The schoolchildren were shown the various species of cocoa and some were given the opportunity to taste the ripe cocoa beans at Adjeikrom another village in the Eastern Region noted for producing cocoa. “I have seen cocoa today and I am very happy because I enjoy cocoa products but I have never seen one before said, George Okyere, a student of Shiayennoh ‘1’ Primary School at Achimota, Accra.
The other school that also took part in the tour was Anglican Junior High School at Mampong-Akwapim in the Eastern Region.
Group partners COCOBOD to raise cocoa productionGhana News Agency February 24, 2011Effiduase (Ash), Feb. 24, GNA - A new technology to aid the rehabilitation of aged cocoa farms and increase crop yield has been introduced in the Sekyere East District.Cocoa Seeds It involves the extraction of fungus from the soil to provide single treatment support for the plants. The project, initiated by BISSA, an agricultural non governmental organization, would be extended to cover all cocoa growing districts in the country.
Dr Kofi Boa, an Agricultural Consultant, at a ceremony held at Effiduase to officially launch it, said it would significantly help to conserve the environment for sustained crop production. Dependence on artificial chemicals by farmers to raise output, he warned, could have long term disastrous effect on the soil. He said it was on account of this that cheaper and less harmful means were needed to retain soil fertility.
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
Dr Boa advised farmers against the slash and burning method of farming, because this tended to kill most of the micro-organisms that helped to preserve the nutrients to support crop yield. He said it was time farmers were encouraged to play pivotal roles in the protection of the environment.
Mr Kwabena Asumadu Yeboah, Ashanti Regional Coordinator of Cocoa Rehabilitation Programme of Ghana Cocoa Board (COCOBOD), said the government had put measures in place to ensure that cocoa trees planted more than 25 years ago were cut down. He said farmers would receive compensation for this and would be undertaken with the consent of farmers.
Those whose farms were cut down would be supplied with free hybrid cocoa seedlings and plantain suckers as well as seeds of tree species like "Odum".
Mr Thomas Oduro Kwarteng, Chief Executive Officer of BISSA, said his organization aims at providing intensive education on cocoa rehabilitation and best farming practices. They would work in partnership with COCOBOD and all stakeholders in the cocoa industry to raise production levels and maintain the quality of the beans.
Nana Adu Ameyaw II, Chief of Asante-Effiduase, pledged support for the project.
Cocoa from Ghana Earns Premium Price on International MarketMarket Research Agency24.02.2011
LONDON – In 2009/10 season, according to predominant data of cocoa purchases declared by private buyers to COCOBOD (Ghana Cocoa Board) since the start of the year-long season in October 2009, the best reflection of output from the West African state, hit 615,880 tons by August. As for September, provisional figures for purchases for the 2009/10 season stood at 632,024 tons. Ghana previously announced it would reach the 1 million ton mark in 2012. A total of 75% of the cocoa beans from Ghana is exported to the following eight countries, listed here according to the size of their imports in
2009: The Netherlands, France, United Kingdom, Japan, Turkey, Malaysia, Germany and Switzerland. The Netherlands is by far the largest importers.
The cocoa market in Ghana is controlled by the cocoa board that advises the Government on the production prices and supervises the purchase of the farmers' cocoa. All cocoa, except that which is smuggled out of the country, is sold at fixed prices to the Cocoa Marketing Board. Besides the strict cocoa market control, 5-10% of the produced volumes were likely to be lost as a result of smuggling. Although most cocoa production in Ghana is carried out by peasant farmers on plots of less than 3 hectares, a small number of farmers appear to dominate the trade.
The cocoa industry has been the backbone of the Ghanaian economy through its contribution to the economy of the Country in terms of foreign exchange earnings, Government revenues, employment creation and poverty alleviation/reduction and extension of development projects and social services to farmers.
Ghana remains world second largest producer of cocoa (after western neighbor Cote d'Ivoire) with the best quality which earns a premium price from its sale on the international market. Currently there are 6 cocoa growing areas in Ghana namely Ashanti, Brong Ahafo, Eastern, Volta, Central and Western regions.
More information on cocoa market in Ghana may be found in the report Cocoa Market in Ghana: Business Report 2011 recently published by The Market Publishers, Ltd.
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
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