Cocoa

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</tD> </tR> </TABLE></div> <bR> <bR> <bR> <bR> <div>  <SCRIPT language="JavaScript" SRC="http://context3.kanoodle.com/cgi-bin/context.cgi?id=80085957&db=context&query=finance:commodities&cgroup=commodity&format=sky&newtarget=1&width=120&numresults=1&first=1 "></SCRIPT>  </div> </td> <td valign="top" height=398 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <B>Cocoa</B></div> <bR> <div> <B> <SCRIPT language="JavaScript" SRC="http://context3.kanoodle.com/cgi-bin/context.cgi?id=80085957&db=context&query=finance:bonds&cgroup=notes&format=468x60&newtarget=1 "></SCRIPT>  </B></div> <bR> <div> <B> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="477" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="ROWS" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 49 ><NOBR><div> <A HREF="#cocoa_from_1981" TITLE="Cocoa"><U><B>Cocoa from 1981</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="6"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="49" ALIGN="bottom" WIDTH="6" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#cocoa_stocks_to_use" TITLE="Cocoa"><U><B>Cocoa Stocks to Use</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="4"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="49" ALIGN="bottom" WIDTH="4" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#cocoa_july_04" TITLE="Cocoa"><U><B>Cocoa Futures</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="2"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="49" ALIGN="bottom" WIDTH="2" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="97"><div> <A HREF="#warehouse" TITLE="Cocoa"><U><B>Cocoa Warehouse stocks</B></U></A></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="108"><div> <A HREF="#cc_recent" TITLE="Cocoa"><U><B>Cocoa Recent Spot</B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="6"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="6" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="127"><div> <A HREF="#cocoa" TITLE="Cocoa"><U><B>Cocoa Point & Figure</B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="4"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="4" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#notes___links" TITLE="Cocoa"><U><B>Notes & Links</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="2"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="2" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP BGCOLOR=#DDDDDD WIDTH="97"><div> <A HREF="http://www.investmenttools.com/futures/" TARGET="_top" TITLE="http://www.investmenttools.com/futures/"><U><B><IMG BORDER="0" SRC="Symb075c00b700c899330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">More Futures</B></U></A></div> </tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="632" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 43 WIDTH="600"><div> <FONT SIZE="4" COLOR="#000000" FACE="Courier New" ><B>Cocoa from 1981</B></FONT><B> (200 day exponential average </B><FONT SIZE="3" COLOR="#FF0033" FACE="Courier New" ><B>red</B></FONT><B>)and Stock to Use Ratio %</B></div> </tD> <tD VALIGN=TOP WIDTH="21"><div> <B> <A NAME="cocoa_from_1981"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 61 WIDTH="600"> <IMG SRC="../../images/wfut/softs/cc.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="21"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="61" ALIGN="bottom" WIDTH="21" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 25 WIDTH="600"><div> <B>Cocoa stocks to use ratio %</B></div> </tD> <tD VALIGN=TOP WIDTH="21"><div> <B> <A NAME="cocoa_stocks_to_use"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 43 WIDTH="600"> <IMG SRC="../../images/ss/cocoastats.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="21"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="43" ALIGN="bottom" WIDTH="21" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 54 WIDTH="600"><div> <FONT SIZE="4" COLOR="#000000" FACE="Courier New" ><B>Cocoa Recent (Spot)</B></FONT><B>(200 day exponential average </B><FONT SIZE="3" COLOR="#FF0000" FACE="Courier New" ><B>red, </B></FONT><B>50 day xaverage </B><FONT SIZE="3" COLOR="#FFFF00" FACE="Courier New" ><B>yellow</B></FONT><B>) 200 day ROC (rate of change) </B><FONT SIZE="3" COLOR="#008000" FACE="Courier New" ><B>green</B></FONT><B>.</B></div> <bR> </tD> <tD VALIGN=TOP WIDTH="21"><div> <B> <A NAME="cc_recent"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 27 WIDTH="600"> <IMG SRC="../../images/wfut/softs/cc_recent.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="21"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="27" ALIGN="bottom" WIDTH="21" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 78 WIDTH="600"><div> <B>Coacoa Futures - The</B><FONT SIZE="3" COLOR="#3300FF" FACE="Courier New" ><B> Blue</B></FONT><B> line is a Donchian channel, </B><FONT SIZE="3" COLOR="#FF0000" FACE="Courier New" ><B>red</B></FONT><B> line is a 5 day exponential average, </B><FONT SIZE="3" COLOR="#006600" FACE="Courier New" ><B>green</B></FONT><B> line is a 20 day exponential average. Vertical green bars MACD (Moving average convergence divergence) 5 and 20.</B></div> </tD> <tD VALIGN=TOP WIDTH="21"><div> <B> <A NAME="cocoa_july_04"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 56 WIDTH="600"> <IMG SRC="../../images/df/softs/cc.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="21"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="56" ALIGN="bottom" WIDTH="21" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 32 ><NOBR><div> <B>Cocoa Point & Figure </B><FONT SIZE="3" COLOR="#000000" FACE="Courier New" ><B>(spot) Box = 3 Reversal = 3</B></FONT></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="21"><div> <B> <A NAME="cocoa"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="600"> <IMG SRC="../../images/df/p&f/cc.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="21"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="21" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 35 WIDTH="600"><div> <B>Cocoa (ICE) WAREHOUSE Stocks</B></div> </tD> <tD VALIGN=TOP WIDTH="21"><div> <B> <A NAME="warehouse"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 35 WIDTH="600"> <IMG SRC="../../images/ss/cocoawarehousestocks.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="21"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="35" ALIGN="bottom" WIDTH="21" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 25 WIDTH="600"><div> <B><U><IMG BORDER="0" SRC="Wing0a7300a801180099ff00.png" HEIGHT="19" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Cocoa Notes & Links:</U></B></div> </tD> <tD VALIGN=TOP WIDTH="21"><div> <B> <A NAME="notes___links"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 1610 WIDTH="600"><div> <A HREF="http://www.icco.org/" TARGET="_blank" TITLE="http://www.icco.org/"><U><B><IMG BORDER="0" SRC="Symb075c00b700c8ff330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">International Cocoa Organization</B></U></A></div> <div> <A HREF="http://today.reuters.com/investing/FinanceCommoditiesGroup.aspx?mkt=OTHAGRI" TARGET="_blank" TITLE="http://today.reuters.com/investing/Finan"><U><B><IMG BORDER="0" SRC="Symb075c00b700c8ff330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Cocoa Prices (Reuters</B></U></A><B>)</B></div> <bR> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">11/08/03 <FONT SIZE="2" COLOR="#0033FF" FACE="Courier New" ><A HREF="http://news.bbc.co.uk/1/hi/health/3248455.stm" TARGET="_blank" TITLE="http://news.bbc.co.uk/1/hi/health/324845"><U>Cup of cocoa may keep doctor away</U></A></FONT></div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">02/19/07 <FONT SIZE="2" COLOR="#0033FF" FACE="Courier New" ><A HREF="http://news.yahoo.com/s/nm/20070218/hl_nm/cocoa_brain_dc;_ylt=AmxozocW5vka0808Exg7CJvMWM0F" TARGET="_blank" TITLE="http://news.yahoo.com/s/nm/20070218/hl_n"><U>Feeding your brain: new benefits found in chocolate  </U></A></FONT></div> <bR> <div> <B>  </B></div> <div> <B>________________________________________</B></div> <bR> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">6/19/08 Reuters reported that a fungal disease in Indonesia is threatening the quality of 60% of the cocoa crop. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">4/18/08 The Chocolate Manufacturers Association said the U.S. cocoa grind totaled 91,876 tons in the first quarter, down 5.6% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">4/11/08 Europe's cocoa grind rose 4.7% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">12/7/08 Germany's cocoa grindings rose 17% in 2007.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">11/30/07 The International Cocoa Organization estimates  2006-2007  world cocoa ending stocks at 1.6 million tons or 44% of annual use.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/30/07 There is concern that black pod disease may be spreading in the Ivory Coast.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/17/07 YoY, on September 19, cocoa stocks in New York Board of Trade warehouses fell 14% to 3.77 million bags. There are also concerns about the presence of black pod disease in the Ivory Coast.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">6/15/07 The International Cocoa Organization expects world production to fall short of consumption by 145,000 tons.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">4/3/07 Arrivals of cocoa beans from the Ivory Coast's, were around 920,500 metric tons, down by 2.3% between Oct. 1 and March 31.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">3/6/07 The International Cocoa Organization expects a world production deficit of 103,000 tons for 2006-2007.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">2/19/07 <FONT SIZE="2" COLOR="#0033FF" FACE="Courier New" ><A HREF="http://news.yahoo.com/s/nm/20070218/hl_nm/cocoa_brain_dc;_ylt=AmxozocW5vka0808Exg7CJvMWM0F" TARGET="_blank" TITLE="http://news.yahoo.com/s/nm/20070218/hl_n"><U>Feeding your brain: new benefits found in chocolate </U></A></FONT></div> <div> Funded by candy maker Mars Inc., which provided a specially formulated liquid cocoa concoction for the research, the studies suggest that flavanols increase blood flow to the brain and may hold promise for treating some vascular impairments.<FONT SIZE="2" COLOR="#0033FF" FACE="Courier New" > </FONT></div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">2/9/07 Cocoa stocks at Nybot approved warehouses fell 22,761 bags</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">to total 4.559 million bags.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">12/11/06 Cocoa stocks in Nybot warehouses fell 3,978 145-pound bags to total 3.808 million bags.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">11/20/06 <FONT SIZE="2" COLOR="#0033FF" FACE="Courier New" ><A HREF="http://www.btimes.com.my/Current_News/BT/Tuesday/Nation/BT596277.txt/Article/" TARGET="_blank" TITLE="http://www.btimes.com.my/Current_News/BT"><U>China set to be biggest Malaysian cocoa buyer</U></A></FONT> The current per capita consumption of chocolate in China is only 26g, far below the world's average of 500g. In the European Union, where chocolate is a popular snack food, about 12kg of chocolate is consumed by a person yearly.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/13/06 BBC News reported that Ghana and the Ivory Coast are struggling to contain the spread of swollen shoot virus which is hitting their cocoa crops. The two countries account for over one-half of the world's cocoa production.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">9/26/06 The National Cocoa Development Committee estimates Nigerian production at 220,000 tons of cocoa in 2006-2007, up 10% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">5/24/06 The International cocoa Organization increased its estimate of the world production shortfall in 2005-2006 from 87,000 tons to 161,000 tons, or 37% of annual use.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">4/21/06 The U.S. cocoa grind totaled 104,690 tons in the first quarter of 2006, up 2.7% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">4/7/06 Germany's cocoa grind totaled 78,322 tons in the first quarter of 2006, up 35% YoY. For 2005, Germany's cocoa grind was up 10%.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">2/22/06 ED&F Man predicted that world cocoa production will be down 3% in 2005-2006, resulting in a production deficit of 221,000 tons.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">1/12/06 Europe's cocoa grindings totaled 301,742 tons in the fourth quarter of 2005, up 4.7% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">1/9/06 Cocoa grindings in Germany totaled 70,332 tons in the fourth quarter of 2005, up 23% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/21/05 The Chocolate Manufacturers Association said that U.S. cocoa grindings totaled 104,470 tons in the third quarter, up slightly YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">08/25/05 The International Cocoa Organization upped the 2004-2005 world cocoa production shortfall  from 44,000 tons to 106,000 tons. They expect 2004-2005 world net production to total 3.16 million tons and world grindings to total 3.27 million tons.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">05/31/05 The International Cocoa Organization said that the net world cocoa crop will total 3.18 million tons in 2004-2005, down from 3.46 million tons in the previous year. Ending stocks are expected to drop from 1.44 to 1.40 million tons.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">03/02/05 The ICO said that the world faces a 50,000 tonne cocoa deficit in 2004/5. This compares to a 233,000 tonne surplus in 2003/4.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">01/24/05 Dow Jones Newswires said that Ghana's Cocoa Board reduced its crop estimate from 700,000 to 600,000 tons, due to poor weather conditions.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">01/21/05 The U.S. cocoa grind totalled 99,849 tons in the fourth quarter, up 3% from a year ago.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">01/18/05 Dow Jones Newswires said that the Ivory Coast exported 351,730 tons of cocoa beans in the first three months of the new 2004-2005 season, down 3% from a year ago.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/15/04 The U.S. cocoa grind totalled 104,014 tons in the third quarter, up 2% from a year ago.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/14/04 Europe's cocoa grind in the third quarter totalled 274,776 tons, up 1.8% from a year ago.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">09/24/04 The Indonesian Cocoa Association said that Indonesia expects to produce 395,000 tons of cocoa in 2004-2005, down 6% from the previous year due to pod borer damage.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">08/31/04 <FONT SIZE="2" COLOR="#0033FF" FACE="Courier New" ><A HREF="http://my.webmd.com/content/article/87/99509.htm?z=1728_00000_1000_ln_02" TARGET="_blank" TITLE="http://my.webmd.com/content/article/87/9"><U>Dark Chocolate, Cocoa Help Keep Blood Flowing</U></A></FONT></div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">07/08/04 Germany's cocoa grind totaled 51,734 tons in the second quarter of 2004, up 21% from a year ago. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">03/17/04 The International Cocoa Organization  expects the 2003-2004 world cocoa crop to total 3.037 million tons.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">01/27/03 Ivory Coast officials estimated their 2003-2004 cocoa crop at 1.1 million tons, down from 1.35 million tons the previous year.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">01/23/04 The U.S. cocoa grind totaled 96,700 tons in the fourth quarter, down 3% from a year ago.<FONT SIZE="3" COLOR="#000000" FACE="Courier New" > </FONT></div> </tD> <tD VALIGN=TOP WIDTH="21"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1610" ALIGN="bottom" WIDTH="21" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></B></div> <div> <B>  <script type="text/javascript" language="javascript" src="http://fry.webtistic.com/philip.php?id=71"></script> <noscript> <a href="http://www.webtistic.com/"> <img SRC="http://fry.webtistic.com/hit.php?a=71" border="0" alt="Webtistic - Traffic Analysis"> </a></noscript>   </B></div> </td> </tr></table></body>