The International Cocoa Organization released its first forecasts for 2006/07 and revised estimates for the 2005/2006 cocoa year of world production grindings and stocks of cocoa beans. The data, summarized below, are published in issue No. 1 - Volume XXXIII - Cocoa year 2006/07 of the Quarterly Bulletin of Cocoa Statistics and reflect the most recent information available to the Secretariat as at end January 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 3 592  3 675   3 472 -203  -5.5% 
World grindings  3 476 3 462  3 540  +78  +2.3% 
Surplus/deficit b/ +80   +176  -103    
           
End-of-season stocks 1 767  1 860  1 757   -103 -5.5% 
Stocks/Grindings ratio 50.8%  53.7%   49.6%    

Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXII - No. 4 - Cocoa year 2005/06
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 also contains statistical information for the past four years of production and grindings of cocoa beans, detailed by country. In addition, it comments on crop and demand prospects in the leading countries for the current season and provides a review of the price developments in international markets for cocoa beans during the October – December quarter of 2006.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and region, published in this edition covers annual data from 2002/03 to 2004/05 and quarterly statistics for the period October - December 2004 to April - June 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 region, for the period 1996/97 to 2004/05 are presented for reference.

Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format for Windows operating system can be ordered from the ICCO secretariat at the address below or by clicking on the order form.

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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