Archive for year: 2019

Abidjan, 30 August 2019–The International Cocoa Organization today released its revised forecasts for the current 2018/2019 cocoa year and revised estimates for 2017/2018 of world production, grindings and stocks of cocoa beans, summarized below. The data published in Issue No. 3 – Volume XLV – Cocoa year 2018/2019 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of August 2019.

Summary of revised forecasts and estimates

Cocoa year (Oct-Sep)	2017/2018	2018/2019		Year-on-year change
	Revised estimates	Previous forecasts a/	Revised forecasts
	(thousand tonnes)				(Per cent)
World production	4 651	4 834	4 849	+ 198	+ 4.3%
World grindings	4 596	4 750	4 783	+ 187	+ 4.1%
Surplus/deficit b/	+ 8	+ 36	+ 18
End-of-season stocks	1 722	1 759	1 740	+ 18	+ 1.0%
Stocks/Grindings ratio	37.5%	37.0%	36.4%

Notes:
a/   Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XLV – No. 2 – Cocoa year 2018/2019
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 2018/2019 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, it 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 April-June quarter of 2019.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2015/2016 to 2017/2018 and quarterly statistics for the period July-September 2017 to January-March 2019. Details of origin of imports and destination of exports for leading cocoa importing countries are also provided. Historical statistics on cocoa trade and consumption, by country and by region, for the period 2009/2010 to 2017/2018 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:         info@icco.org

 

The Intercontinental Exchange (ICE) soft commodities team is organising a three-day certified cocoa grader course.

This specialised training, which begins on 4 November, is aimed at teaching the technical skills required to grade cocoa according to the ICE London Cocoa Contract requirements.

The course will take place at the ICE Grading Room facility in Basildon, London.

Please note that space on the course is limited to only eight places.

For more information, please click here or contact tel: +44 (0) 20 7065 7706; email: education@theice.com.

The International Cocoa Council, meeting in Abidjan, Côte d’Ivoire, on 12 April 2019 released the following communiqué:

THE INTERNATIONAL COCOA COUNCIL,
1. Acknowledging the contribution of the cocoa sector towards the achievement of the Sustainable Development Goals (SDGs); and taking into account the need to equally balance the economic, environmental and social pillars of the SDGs;

2. Considering that forests are indispensable for addressing the issue of climate change;

3. Considering that many ICCO exporting Members have in place national programs and policies aiming at fighting deforestation and favouring reforestation;

4. Noting that the agricultural sector is a major driver of deforestation and that the impact of cocoa is significant in certain deforestation hotspots;

5. Acknowledging that deforestation is a global issue that needs a global solution;

6. Taking note of the EU initiative on stepping up action against deforestation and forest degradation;

7. Considering that improvement in the revenues and the living conditions of cocoa farmers must be integrated in the policies aiming at fighting deforestation;

8. Recognising the importance of maintaining market access for cocoa exports to the European Union and sustainable consumption, and such initiatives shall not constitute a disguised restriction to international trade;

9. Considering that cocoa can actually play a key role in the process of forest restoration, given that cocoa’s growth environment favours agroforestry systems and the presence of shade trees;

10. Recalling that one recommendation of the Berlin Declaration is to end deforestation and promote forest protection and restoration;

11. Considering that one of the objectives of the International Cocoa Agreement (ICA), 2010 is to provide an appropriate framework for discussion on all cocoa matters among governments, and with the private sector as well as the civil society;

12. Further noting as per the terms of Article 43 of the International Cocoa Agreement (ICA), 2010, that Members shall make all necessary efforts to accomplish a sustainable cocoa economy;

13. After due consideration of the opinion of the Consultative Board on the World Cocoa Economy.

RESOLVES:
14. To task the ICCO Secretariat with taking all appropriate measures to establish a dialogue with the European Union and other ICCO importing Member countries, with the aim of setting up a platform enabling all relevant stakeholders within the world cocoa economy to join forces and scale up their common actions on the issue of deforestation;

15. To encourage ICCO Member countries to implement and contribute to enforce policies and practices that ensure environmental protection, including anti- deforestation and reforestation measures, soil protection, and agroforestry systems;

16. To encourage the European Union to strengthen its policy dialogue and cooperation with commodity-exporting countries by developing tailored approaches taking into consideration country-specific rural development challenges, such as forestry and rural land tenure legislations;

17. To remind the European Union that the cocoa ecosystem plays an important role in the reforestation of affected areas and to improve the natural equilibrium of its social and economic surroundings;

18. To strengthen the partnership with producing countries in order to support financially and technically the national policies and programs aiming at fighting deforestation;

 19. To work towards the improvement of farmers’ living conditions and productivity, as an avenue to reducing poverty in rural communities in the medium term, which will contribute to the efforts to tackle deforestation;

20. To encourage payments to producers for environmental services provided, within the framework of the fight against deforestation and actions towards reforestation;

21. To work with bilateral and multilateral partners as well as with its Members in order to mobilise financing for the implementation of policies and actions to protect forests and their rehabilitation.

Abidjan, 28 February 2019–The International Cocoa Organization today released its first forecasts for the 2018/2019 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2017/2018, as summarized below. The data published in Issue No. 1 – Volume XLV – Cocoa year 2018/2019 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of February 2019.

Summary of forecasts and revised estimates

 

Cocoa year (Oct-Sep)	2017/2018		2018/2019	Year-on-year change
	Previous estimates a/	Revised estimates	Forecasts
	(thousand tonnes)				(Per cent)
World production	4 638	4 649	4 799	+ 150	+ 3.2%
World grindings	4 570	4 594	4 712	+ 118	+ 2.6%
Surplus/deficit b/	+ 22	+ 9	+ 39
End-of-season stocks	1 748	1 734	1 773	+ 39	+ 2.2%
Stocks/Grindings ratio	38.2%	37.7%	37.6%

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLIII – No. 4 – Cocoa year 2017/2018
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 first forecasts for the 2018/2019 cocoa year, as well as data for the past four years of production and grindings of cocoa beans, detailed by country. In addition, the Bulletin includes comments on crop and demand prospects in the leading countries for the current season, the evolution of trade flow data estimated for major cocoa importing countries in Europe during the 2017/18 season and a review of price developments on international markets for cocoa beans during the October-December quarter of 2018.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2014/2015 to 2016/2017 and quarterly statistics for the period October-December 2016 to April-June 2018. Details of origin of imports and destination of exports for leading cocoa importing countries are also provided. Historical statistics on cocoa trade and consumption, by country and by region, for the period 2008/2009 to 2016/2017 are presented for reference.

Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format, [media-downloader media_id=”1543″ texts=” 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:         info@icco.org