ICCO Documents
World Cocoa Market
- Preventing and Managing Cocoa Pests and Pathogens - May 2006
- Brief Description: The knowledge and understanding of cocoa pest and pathogen problems in producing regions is critical to raise awareness on the risks of spreading them and to help prevent their accidental introduction into other regions or countries. It is also essential to identify those pests and pathogens of greatest threat and their possible routes of introduction so that such risks can be reduced.
Document: Preventing and Managing Cocoa Pests and Pathogens - May 2006
- Analysis of the value chain in cocoa producing countries - Proposal May 2006
- Brief Description: The Board considered it important to identify and define a remunerative farm gate price for cocoa in a number of cocoa-growing environments; to establish the share of the trade in the export value of the cocoa beans and the costs of handling the cocoa in the ports, including conditioning of the cocoa, as appropriate, as well as the incidence of export taxes and levies. To this end, the Board requested the ICCO secretariat to investigate ways and means to conduct such a study in the major cocoa growing regions
Document: Analysis of the value chain in cocoa producing countries - Proposal May 2006
- Resolution on Market Information Systems for cocoa producers - September 2006
- Brief Description: The attached resolution was agreed by the Consultative Board on the World Cocoa Economy at its ninth meeting in June 2006 and is submitted for the consideration of the Council at its seventy-fourth regular session in September 2006.
Document: Resolution on Market Information Systems for cocoa producers - September 2006
- Outline of a cocoa supply chain management programme - September 2006
- Brief Description: The Supply Chain Management Programme is envisaged to comprise a number of projects plus a number of related studies and analyses. The projects would seem to be suitable for financing by the
Common Fund, with possible co-financing by other institutes. The studies and analyses could, with co-operation from the relevant actors in both producing and consuming countries, mainly be conducted
by the ICCO secretariat. Certain studies or parts of some studies could possibly be financed by the Common Fund and/or other donors, in particular when field work is included.
Document: Outline of a cocoa supply chain management programme - September 2006
- Annual forecasts of production and consumption - September 2006
- Brief Description: This document has been prepared for the consideration of the Market Committee, in compliance with Article 34 of the International Cocoa Agreement, 2001. Forecasts of world production and
consumption contained in document MC/6/5 of 16 February 2006 were last prepared by the secretariat and submitted to the Market Committee for consideration at its sixth meeting held in Modica in March
2006. This document represents an update of the previously submitted document, utilizing information received by the secretariat since preparation of the earlier document.
Document: Annual forecasts of production and consumption - September 2006
- Study on the impact of terminal market on cocoa bean prices - September 2006
- Brief Description: The general objective of this document is to evaluate the impact of exchange futures trading on cocoa prices and volatility. The specific objectives are the following:
- to illustrate the major characteristics of commodity futures markets;
- to compare specifications of both NYBOT and LIFFE cocoa futures contracts;
- to assess the economic efficiency of both LIFFE and NYBOT cocoa futures markets;
- to evaluate whether shocks in the exchange rate markets affect price and volatility in both
NYBOT and LIFFE cocoa futures contracts; and
- to assess the impact of commercial and non-commercial trading activities on price and volatility
in the NYBOT cocoa futures contracts. This last assessment could not be carried out in the
LIFFE cocoa markets because information on the open interest broken down by typology of
traders is not publicly available.
Document: Study on the impact of terminal market on cocoa bean prices - September 2006
- Annual forecasts of production and consumption - 14 March 2007
- Brief Description: This document has been prepared for the consideration of the Market Committee, in compliance with Article 34 of the International Cocoa Agreement, 2001. Forecasts of world production and consumption contained in document MC/8/4 of 16 August 2006 were last prepared by the Secretariat and submitted to the Market Committee for consideration at its eighth meeting held in London in September 2006. This document represents an update of the previously submitted document, utilizing information received by the Secretariat since preparation of the earlier document.
Document: Annual forecasts of production and consumption - 14 March 2007
- Cocoa Resources in Consuming Countries - 6 June 2007
- Brief Description: The Market Committee requested the ICCO Secretariat to provide information on cocoa resources in consuming countries. It was agreed that information on volume and composition of the demand for cocoa beans in consuming countries would provide producing countries with a better basis for the formulation and implementation of policies and programmes regarding cocoa production. This paper presents a preliminary overview of present and prospective demand for cocoa
Document: Cocoa Resources in Consuming Countries - 6 June 2007
- Annual forecasts of production and consumption - March 2008
- Brief Description: This document has been prepared for consideration by the Market Committee, in compliance with Article 34 of the International Cocoa Agreement, 2001. Forecasts of world production and consumption contained in document MC/9/3 of 7 February 2007 were last prepared by the Secretariat and submitted to the Market Committee for consideration at its ninth meeting held in Kuala Lumpur in March 2007. This document represents an update of the previously submitted document, utilizing information received by the Secretariat since preparation of the earlier document.
Document: Annual forecasts of production and consumption - March 2008
- Study on the impact of terminal markets on cocoa prices - September 2007
- Brief Description: In recent years, the trade press, some market analysts and governments questioned the efficiency and transparency of futures trading in the London Financial Futures and Options Exchange (LIFFE) and in the New York Board of Trade (NYBOT). Those concerns were fuelled by the large amount of money poured by investors into commodity futures markets. Specifically, it was argued that speculators moved cocoa futures markets away from their fundamentals by distorting prices and increasing their volatility.
Document: Study on the impact of terminal markets on cocoa prices - September 2007
- Assessment of the movement of Global Supply & Demand
- Brief Description: This document covers the period from 1998/99 to 2007/08. World production and demand have both shown an erratic upward increase, with yearly growth rates between minus 11% and plus 12% for production and between minus six and plus eight per cent for grindings. This pattern characterized the world cocoa economy, which witnessed seasons with a large production surplus, contrasting with seasons with a significant production deficit. The ICCO Secretariat expects that, during the current campaign, grindings will moderately exceed supply.
Document: Assessment of the movement of Global Supply & Demand
- Annual forecasts of production & Consumption and estimates of production levels to achieve equilibrium in the world cocoa market
- Brief Description: This document presents an evaluation of developments in the world cocoa market from 2007/2008 to 2012/2013. The market assessments are based on a set of projections that are conditional on specific assumptions regarding macroeconomic conditions (GDP growth, inflation and developments in foreign currency markets) as well as production technologies (yields of cocoa trees). It also assumes average weather conditions. Using the underlying assumptions, the document on “Annual Forecasts of Production and Consumption and Estimates of Production Levels to Achieve Equilibrium in the World Cocoa Market” presents a plausible scenario for the evolution of the world cocoa market over the next five years.
Document: Annual forecasts of production & Consumption and estimates of production levels to achieve equilibrium in the world cocoa market