London, 30 August 2013--The International Cocoa Organization today releases its revised forecasts for the current 2012/2013 cocoa year and revised estimates for 2011/2012 of world production, grindings and stocks of cocoa beans, summarized below.  The data published in Issue No. 3 - 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 beginning of August 2013.

Summary of revised estimates and forecasts

Cocoa year
(Oct-Sep)
2011/2012 2012/2013 Year-on-year change
   Revised
estimates
Previous
forecasts a/
Revised
forecasts
 
  (thousand tonnes)   (Per cent)
World production 4 082 3 967 3 986 - 96 - 2.4%
World grindings 3 954 3 987 3 998  + 44 + 1.1%
Surplus/deficit b/ + 87   - 60   - 52    
           
End-of-season stocks 1 836 1 773 1 784 - 52 - 2.8%
Stocks/Grindings ratio 46.4% 44.5% 44.6%    

Notes:
a/   Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXIX - No. 2 - Cocoa year 2012/2013
b/   Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals may differ due to rounding.

This issue of the Bulletin contains the Secretariat’s revised 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, it 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 April-June quarter of 2013. 

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2009/2010 to 2011/2012 and quarterly statistics for the period April-June 2011 to October-December 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 2003/2004 to 2011/2012 are presented for reference.

Copies of the Quarterly Bulletin of Cocoa Statistics, including in Microsoft Excel files and in Adobe PDF format versions, can be ordered by completing and returning this form or from the ICCO Secretariat at the address below:

International Cocoa Organization
Westgate House
Ealing
London W5 1YY, UK

Tel:              +44 (0)20 8991 6000
Fax:             +44 (0)20 8997 4372
E-mail:         This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

ICCO Secretariat

International Cocoa Organization
Westgate House
Ealing
London W5 1YY
United Kingdom

Tel:  +44 (0)20 8991 6000
Fax: +44 (0)20 8997 4372
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

General Information

Further information on the ICCO, the cocoa market, statistics, meetings, or any other subject related to the world cocoa economy can be obtained by contacting the Information and Media Officer at This email address is being protected from spambots. You need JavaScript enabled to view it.