The ICCO constantly follows and analyses the world cocoa market. Each quarter, recent developments in the market are reviewed, together with longer-term trends and forecasts. Any findings resulting from studies and analyses are subsequently translated into recommendations and action.
The genus Theobroma originated millions of years ago in South America, to the east of the Andes. Find out all about growing, harvesting, processing, trading and shipping cocoa from our overview of the industry. We also list the companies that are world's largest chocolate manufacturers.
The ICCO's Monthly Review of the Cocoa Market Situation reports on the latest developments on the international cocoa futures markets, as well as on the supply and demand for cocoa beans and other factors influencing the cocoa trade and current prices.
|Previous Prices||23 May 2016||20 May 2016|
|ICCO daily price (SDRs/tonne)||2175.30||2137.71|
|ICCO daily price (US$/tonne)||3056.73||3005.25|
|London futures (£ sterling/tonne)||2173.33||2124.00|
|New York futures (US$/tonne)||2968.00||2924.33|
The importance of improving cocoa quality through the chain has been clearly recognized through the work of the Consultative Board and the Expert Working Group on Food safety, Cocoa Productivity and Quality and this has been highlighted in the "Total Quality" Project.
This project, which was implemented on a pilot basis in Côte d'Ivoire for three years, aimed at achieving "total quality" through traceability and improvement of the efficiency of the supply chain.