The latest QBCS contains revised forecasts for the current 2006/07 cocoa year of world production, grindings and stocks of cocoa beans. The data published in issue No. 3 - Volume XXXIII - Cocoa year 2006/07 of the Quarterly Bulletin of Cocoa Statistics, reflect the most information available to the Secretariat as at the beginning of August 2007.

 Summary of forecasts and revised estimates

Cocoa year (Oct-Sep)

2006/2007

2007/08

Year-on-year change

   Previous estimates a/  Revised estimates  Forecasts
 

(thousand tonnes)

   (Per cent)
World production 3 716   3 444 3 435  -281   -7.6%
World grindings 3 495   3 555  3 557  +62 +1.8% 
Surplus/deficit b/ +184   - 145 -156     
           
End-of-season stocks 1 864   1 737  1 708 -156  -8.4% 
Stocks/Grindings ratio 53.3%   48.9% 48.0%     

Notes:
a/ Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXIII - No. 2 - Cocoa year 2006/07
b/ Surplus/deficit: net world crop (gross crop adjusted loss in weight) minus grindings
Totals and differences may differ due to rounding.

This issue of the Bulletin contains the Secretariat's revised forecasts for the 2006/2007 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 in international markets for cocoa beans during the April-June quarter of 2007.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition covers annual data from 2003/04 to 2005/06 and quarterly statistics for the period April-June 2005 to October-December 2006.  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 1997/98 to 2005/06 are presented for reference.

Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format can be ordered from the ICCO Secretariat at the address below:

International Cocoa Organization
Commonwealth House
1-19 New Oxford Street
London WC1A 1NU
Tel:  +44 (0)20 7400 5050
Fax: +44 (0)20 7421 5500
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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
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