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A Russian advertising agency has used an image resembling U.S. President Barack Obama to promote a new vanilla-and-chocolate ice cream. The brand is named "Duet." The poster features a c-g caricature figure resembling Obama standing in front of the U.S. Congress. Tag line: "It's on everyone's lips -- the Dark is in the White!" Yevgeny Primachenko, deputy creative director of Voskhod advertisement agency, told Reuters by phone from Yekaterinburg “This is just a vanilla ice cream with a chocolate filling," Primachenko said. "We decided: why not use such a great news peg as the election of the first black U.S. president to the White House, while showing no political preferences at the same time?" There is a Russian human rights activist stating the advertisement as "a vulgar exploitation of some political symbols in pursuit of commercial interests."
In Southwestern Nigeria, the price of graded cocoa has risen to $2,499 per MT. Graded cocoa (inspected and certified for export) had fallen in value the past three weeks to the smaller mid-crop cocoa beans from the main crop. This area accounts for 70% of Nigeria's annual cocoa output of 242,000 MT.
Ivory Coast cocoa prices rose last week ahead of next week's opening of the April-September mid crop harvest. The sunny days last week soothed farmers' fears about disease wrecking the mid crop. There are reports of a favorable weather pattern for the developing mid crop. This pattern will also favor the flowering period for the main crop. This pattern needs to continue into the next month. The price at the port (Abidjan) climbed last week to between 680 and 700 CFA francs ($3.17) per lb, compared with between 600 and 650 CFA the week before. Mid-crop buying has already began.
Last week pod counters predicted the mid crop would be smaller than last year's but some believe the 2008/09 harvest could reach 350,000 MT (771,610,000 lbs), up from 315,000 last year. In Daloa (25% of cocoa in Ivory Coast) the buyers are wanting to fill warehouses before the beginning of mid-crop.
Ecuador: To the bean buyers. This a list of the floor prices (FOB, 100lb bags, March 26th to April 1st.). this is according to The Department of Industries.
Beans:
CCN51 $109.25
ASE $113.79
ASS $121.18
ASSS $124.60
ASSPS $130.86
Butter $250.96
Residual Butter $188.22
Cocoa Liquor $146.19
Cake $23.74
Residual Cake $2.37
Powder $27.89
Cameroon cocoa and coffee farmers have been complaining about the lack of bank loans to increase and improve their output. This is very similar to complaints in Peru.
Ghana have announced plans to transform the country’s shea nut production to echo the success of its cocoa industry. Shea nuts are used to make substitutes for cocoa butter in the chocolate and confectionery industry and are a principal raw material of cocoa butter equivalents (CBE). AarhusKarlshamn (AAK) claims to be one of the world’s leading producers of high value-added, speciality vegetable fats and it recently invested in strengthening its shea butter supply chain in West Africa to help secure supply of the core CBE raw material.
Cadbury will begin stage one of the $51 million redevelopment of the Cadbury Confectionery Ltd factory in Dunedin. This is planned to be the ‘centre of excellence' for the production of all chocolate assortments for the New Zealand and Australian markets. The factory employed 700 workers, rising to 800 at the height of production season.
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