In a landmark event for the Organization, around 500 people gathered on 25 April for the formal inauguration of the ICCO’s new headquarters in Abidjan, Côte d’Ivoire.

Ivorian Vice President H.E. Mr. Daniel Kablan Duncan was present for the ceremony, along with H.E. Mr. Mamadou Sangafowa Coulibaly, Minister of Agriculture, H.E. Mr. Souleymane Diarrassouba, Minister of Trade and Mr. Robert Beugré Mambé, Governor of the Abidjan Autonomous District.

They were joined by ICCO Council Chairman 2016-17 H.E. Mr. Luis Valverde, ICCO Executive Director Dr. Jean-Marc Anga and representatives from embassies, intergovernmental organisations and cocoa sector stakeholders.

 MG 4996 copieThe ceremony took place during the 95th regular session of the International Cocoa Council and subsidiary bodies.

The relocation of the ICCO to Abidjan should focus even more the Organization’s attention towards the requirements of producers.

“Côte d’Ivoire is now convinced that the presence of ICCO in Abidjan will provide opportunities to better understand the realities of the sector and to better appreciate the expectations of producers,” Vice President Kablan Duncan said.

“Through our establishment in a producing country,” Dr. Anga said, “we want to offer better access to information on the world of cocoa and to identify the existing opportunities that producing countries could benefit from. The goal is to improve the transparency of the cocoa market by providing member countries with cocoa studies, analyses and statistics, as well as forecasts on world supply and demand.”

The move to Côte d’Ivoire’s commercial capital after 44 years being headquartered in London, comes after a decision by the Council in 2015, following an invitation by the Ivorian government. The government provided and completely refurbished a three-storey building in the city’s Deux Plateaux area, which now houses the Organization’s 25 staff members.

 

 

Pictured–Top left: ICCO Executive Director Dr. Jean-Marc Anga (l) with Ivorian Vice President H.E. Mr. Daniel Kablan Duncan; Above right: The Vice President presents the keys to the building to ICCO Council Chairman H.E. Mr. Luis Valverde; Above left: the commemorative plaque marking the building’s inauguration as ICCO headquarters

Abidjan, 31 May 2017 — The International Cocoa Organization today releases its revised forecasts for the current 2016/2017 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2015/2016, as summarized below. The data published in Issue No. 2 – Volume XLIII – Cocoa year 2016/2017 of the Quarterly Bulletin of Cocoa Statisticsreflect the most recent information available to the Secretariat as at the middle of May 2017.

Summary of revised forecasts and estimates

 

Cocoa year
(Oct-Sep)
2015/2016 2016/2017 Year-on-year change
Revised
estimates
Previous
Forecasts a/
Revised
Forecasts
(thousand tonnes) (Per cent)
World production 3 972
4 552
4 692
+ 720 +18.1%
World grindings 4 129
4 242 4 263
+ 134 + 3.2%
Surplus/deficit b/ – 197
+ 264
+ 382
End-of-season stocks 1 400
1 665
1 782
 + 382 + 27.3%
Stocks/Grindings ratio 33.9% 39.3% 41.8%

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLIII – No. 1 – Cocoa year 2016/2017
b/   Surplus/deficit: Net world crop (gross crop adjusted for loss in weight) minus grindings
Totals may differ due to rounding.

This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2016/2017 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 2017.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2013/2014 to 2015/2016 and quarterly statistics for the period January-March 2015 to July-September 2016. 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 2007/2008 to 2015/2016 are presented for reference.

Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format, can be ordered by completing and returning this form or from the ICCO Secretariat at the address below:

International Cocoa Organization
06 P.O. Box 6891
Abidjan 06
Côte d’Ivoire

Tel:              +225 22 51 49 50/51
Fax:             +225 22 51 49 79
E-mail:         registry@icco.org or info@icco.org