28 February 2013--The International Cocoa Organization today released its first forecasts for the 2012/2013 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2011/2012, summarized below. The data published in Issue No. 1 - Volume XXXIX - Cocoa year 2012/2013 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the middle of February 2013.
|Previous estimates a/||Revised estimates||Forecasts|
|(thousand tonnes)||(Per cent)|
|World production||4 052||4 075||4 003||- 72||- 1.8%|
|World grindings||3 921||3 948||4 008||+ 60||+ 1.5%|
|Surplus/deficit b/||+ 90||+ 86||- 45|
|End-of-season stocks||1 864||1 838||1 793||- 45||- 2.4%|
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXVIII - No. 4 - Cocoa year 2011/2012
b/ Surplus/deficit: current net world crop (gross crop adjusted for loss in weight) minus grindings
Totals and differences may differ due to rounding.
This issue of the Bulletin contains the Secretariat’s first forecasts for the 2012/2013 cocoa year, as well as data for the past four years of production and grindings of cocoa beans, detailed by country. The main features of the global cocoa market are illustrated in colour charts. In addition, the Bulletin includes comments on crop and demand prospects in the leading countries for the current season, and a review of price developments on international markets for cocoa beans during the October-December quarter of 2012.
Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2008/2009 to 2010/2011 and quarterly statistics for the period October-December 2010 to April-June 2012. Details of origin of imports and destination of exports for leading cocoa importing countries are also provided. Historical statistics on cocoa trade and consumption, by country and by region, for the period 2002/2003 to 2010/2011 are presented for reference.
Copies of the Quarterly Bulletin of Cocoa Statistics, including in Microsoft Excel files and in Adobe PDF format, can be ordered from the website or from the ICCO Secretariat at the address below:
International Cocoa Organization
1-19 New Oxford Street
London WC1A 1NU, UK
Tel: +44 (0)20 7400 5050
Fax: +44 (0)20 7421 5500