Daily Prices at time of London Close

Previous Prices 14 Apr 2014 11 Apr 2014
ICCO daily price (SDRs/tonne) 1978.67 1975.14
ICCO daily price (US$/tonne) 3066.18 3066.66
London futures (£ sterling/tonne) 1875.67 1881.33
New York futures (US$/tonne) 2997.00 2989.33

The International Cocoa Organization (ICCO) | Cocoa Producing and Cocoa Consuming Countries

The creation of the Consultative Board on the World Cocoa Economy was one of the major innovations of the International Cocoa Agreement, 2001. The Board consists of private sector representatives of both exporting and importing Member countries whose mandate is to act in an advisory capacity to the International Cocoa Council on an extensive range of subjects.

The Council, at its meeting in March 2013, decided to greatly expand the Board from its previous 16 members, although the Board still includes experts from both exporting and importing countries, appointed by the Council every two years. The Board may designate one or more alternates and advisers to be approved by the Council.

The Board met for the first time in its expanded form in September 2013.

iconList of Members and Alternates nominated to serve on the Consultative Board on the World Cocoa Economy for the 2012/2013 and 2013/2014 cocoa years

The Consultative Board on the World Cocoa Economy represents all sectors of the cocoa economy. These sectors include: associations, national and regional cocoa producer organizations, cocoa exporter organizations, research institutes and any other private institutions with interests in the cocoa economy. Private entities from both Member and non-Member countries are welcome to participate in the work of the Consultative Board.

In accordance with the International Cocoa Agreement, 2001, the mandate of the Consultative Board is to:

  • Contribute to the development of a sustainable cocoa economy;
  • Identify and find appropriate solutions to any threats to supply and demand;
  • Facilitate the exchange of information on production, consumption and stocks; and
  • Advise on other cocoa-related matters within the scope of the International Cocoa Agreement, 2001.

The Consultative Board maintains close co-operation with the Council and its subsidiary bodies, in order to co-ordinate its activities with the other subsidiary bodies of the Council. The Consultative Board also initiates and maintains close co-operation with other institutions, such as private associations in the cocoa and chocolate sector, established outside the scope of the International Cocoa Agreement, 2001.

Since its establishment, the Board has worked on the implementation of an ambitious work programme covering:

  • cocoa consumption;
  • cocoa bean processing into intermediate cocoa products;
  • cocoa bean marketing;
  • cocoa bean post-harvest treatment;
  • training for farmers;
  • cocoa farm establishment;
  • cocoa cultivation.

The main focus of the Consultative Board´s work is to establish a broadly accepted and supported concept of "sustainable cocoa economy"; to establish the ways and means to measure and to achieve progress towards reaching sustainability. Simultaneously the Board has been working on establishing a number of "building blocks" towards a sustainable world cocoa economy.

The Board has established a clear position for the benefit of the whole cocoa industry in relation to the use of pesticides, as defined in the Action Programme on Pesticides, together with recommendations on proper training and fumigation treatment.

The Board has also established a clear position on the application of tariffs, with a recommendation that all customs tariffs applied on imports of semi-finished products from origin countries should be zero and that the governments and authorities concerned should achieve a zero rate on customs tariffs as soon as possible.

The Board has established a recommendation, approved by the Council at its 30th special session in June 2005, in relation to abuses of child labour in cocoa growing.

One of the many important functions of the Consultative Board is to review and make recommendations on the many ongoing and proposed projects within ICCO, pursuant to its mandate to work towards a sustainable cocoa economy.

Details of the work of the Board can be found in the documents that are downloadable here.

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.

ICCO Membership Procedure

The procedures for becoming a member of the International Cocoa Organization are provided in Articles 52 to 57 of the International Cocoa Agreement, 2010.

How to Become an ICCO Member - International Cocoa Agreement 2010

Quarterly Bulletin of Cocoa Statistics and The World Cocoa Directory

The Quarterly Bulletin of Cocoa Statistics provides reliable data and up-to-date analysis from 1960 onwards, covering most cocoa producing and importing countries.

It is published in February, May, August and November

The World Cocoa Directory 2013/14 includes the contact details of over 3,000 companies and organizations within the global cocoa and chocolate sector, completely updated and indexed by region and by activity, and incorporating many websites and email addresses that are available for the first time.