30 May 2012–The International Cocoa Organization today released its revised forecasts for the 2011/2012 cocoa year and revised estimates for 2010/2011 of world production, grindings and stocks of cocoa beans, summarized below.  The data published in Issue No. 2 – Volume XXXVIII – Cocoa year 2011/2012 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of May 2012.

Summary of revised forecasts and estimates


Cocoa year
2010/2011 2011/2012 Year-on-year change
forecasts a/
(thousand tonnes) (Per cent)
World production 4 309 3 961 3 990 – 319 – 7.4%
World grindings 3 923 3 992 3 993 + 70 + 1.8%
Surplus/deficit b/ + 343 – 71 – 43
End-of-season stocks 1 775 1 706 1 732 – 43 – 2.4%
Stocks/Grindings ratio 45.2% 42.7% 43.4%

a/   Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXVIII – No. 1 – Cocoa year 2011/2012
b/   Surplus/deficit: net world crop (gross crop adjusted for 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 2011/2012 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, the Bulletin includes comments on crop and demand prospects in the leading countries for the current season, and a review of price developments on international markets for cocoa beans during the January-March quarter of 2012.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2008/2009 to 2010/2011 and quarterly statistics for the period January-March 2010 to July-September 2011.  Details of destination of exports and origin of imports for leading cocoa exporting countries are also provided.  Historical statistics on cocoa trade and consumption, by country and by region, for the period 2002/2003 to 2010/2011 are presented for reference.

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

International Cocoa Organization
Commonwealth House
1-19 New Oxford Street
London WC1A 1NU, UK

Tel:              +44 (0)20 7400 5050
Fax:             +44 (0)20 7421 5500
E-mail:         registry@icco.org or info@icco.org

The European Union (on 15 May) and Côte d’Ivoire (on 16 May) ratified the International Cocoa Agreement 2010, the United Nations Treaty Office confirmed.

The notifications mean that the ICCO’s largest exporting member and its largest importing member both have ratified the Agreement, which is due to come into force in October 2012.

Click here to see the official notification of the European Union’s ratification of the Agreement from the United Nations.

Click here to see the official notification of Côte d’Ivoire’s ratification of the Agreement from the United Nations.

14 May 2012—At a ceremony held in Abidjan on 9 May, the Prime Minister of Côte d’Ivoire, H.E. Mr Jeannot Ahoussou-Kouadio (pictured right), officially launched the ICCO’s World Cocoa Conference, due to take place in the city in November.

The 250 guests at the launch ceremony–from the Ivorian government, the Diplomatic service, the cocoa industry, civil society and the press–also heard expressions of support by the Governor of the Abidjan District and the Minister of Agriculture, and presentations by Mr Rafael Jaén Tapiola, the Chairman of the International Cocoa Council and from ICCO Executive Director Dr Jean-Marc Anga.

The Prime Minister said that his Government considered it “an honour and a privilege to host this Conference,” which is scheduled for 19-23 November at the city’s Hotel Ivoire. The event will be the first global cocoa forum to bring together all the significant stakeholders in the cocoa value chain to discuss and take action on the most serious issues affecting the trade and industry. “The Government will spare no effort to make sure that this Conference will be held under the best conditions and will be a resounding success,” the Prime Minister added, and invited all stakeholders to attend the meetings in November.

In the presence as well of the Ivorian Ministers of Labour, Industry and Trade, Mr Jaén explained that, beyond leading to a better understanding of the viewpoints of cocoa stakeholders, the Conference would produce an action plan to take the industry forward in a sustainable way, and would demonstrate clear concrete and measurable actions to address the problems of cocoa.

Dr Anga’s presentation pointed out a number of key structural problems in the cocoa value chain, which would need to be addressed at the Conference in order for the sustainable development of the industry to proceed, and he identified the serious issues that had prompted the ICCO to organize the WCC in November. He concluded that he expected key relevant parties to sign a Commitment of Stakeholders at the closing ceremony of the Conference.

Covered by the international and regional press, the launch ceremony was the basis of a major story on Ivorian national television, as well as reports in the leading newspapers in Abidjan and elsewhere in West Africa.

Ivorian President H.E. Dr Alassane Ouattara will officially open the World Cocoa Conference in the presence of his peers in the region, and it is expected to be attended by government, industry and civil society representatives concerned with cocoa from all over the world. There are more details of the Conference on the WCC website www.worldcocoaconference.org.