Abidjan, 29 Jan 2021 – The World Cocoa Conference (WCC) is a ground-breaking networking event created by the International Cocoa Organization (ICCO) and launched in 2012 in Abidjan, Côte d’Ivoire. Organized every two years to assess the status of the world cocoa economy, review current challenges and agree on measures to address these issues, it has now been established as the leading forum for the global cocoa sector, with over 1,500 delegates attending the last edition in Berlin, Germany in 2018.

It is the only event in the cocoa sector to bring together a diverse range of decision-makers and other stakeholders in the cocoa and chocolate value chain, from all over the world in one place, representing a unique opportunity to encourage discussion of challenges and opportunities, to gather intelligence, to make new contacts and to do business.

After four successful editions held in Africa, then Europe and Latin America, the Conference is moving to Asia and Oceania for the first time, providing a great opportunity for the global cocoa community to focus on the third largest cocoa producing region of the world.

The fifth edition of the World Cocoa Conference (WCC5) will be hosted by the Government of Indonesia in partnership with the ICCO at the Bali Nusa Dua Convention Center (BNDCC), a state-of-the-art business facility within a truly stunning location.

Due to the COVID-19 pandemic, the 5th edition of the World Cocoa Conference has been postponed to 2022. For further updates, please visit the Conference website by clicking here or contact +44 (0) 20 7780 4340, email: info@worldcocoaconference.org

Abidjan, 28 January 2021. The ICCO Expert Working Group on Stocks (EWGS) met via videoconference today, Thursday 28 January 2021 to review the level of European cocoa bean stocks as per the ICCO survey. The survey has been conducted every year since 2000 and aims to improve transparency in the cocoa market.

The EWGS is composed of experts in the cocoa field who meet, at the invitation of the ICCO, to review and analyse the results of the ICCO’s annual survey of cocoa bean stocks held in warehouses worldwide. However, due to unavoidable circumstances the Group discussed only the European stocks and will in due course conduct another meeting to assess total worldwide stocks.

TABLE: 1 ESTIMATES OF EUROPEAN WAREHOUSE STOCKS OF COCOA

 

Location

30 September 2018

a/

30 September 2019

a/

30 September 2020

a/

Year-on-year change
2018/19-2019/20

(tonnes)

Total European port-warehouse stocks

766,465

786,385 774,651 -11,734 -1.5%

Notes: a/ The estimates of European port-warehouse stocks are based on replies/revised estimates to the latest Secretariat questionnaire as at 21 January 2021.

Results for the survey dated 30 September 2020 as shown in Table 1, depict that European cocoa stocks were 774,651 tonnes as at the end of the 2019/20 cocoa year, representing a reduction of 1.5% (down by 11,734 tonnes) compared with the previous season. Due caution should however be exercised in interpreting these results, as not all warehouse-keepers responded and the same values were considered for two warehouses (holding about 90,000 tonnes of stocks altogether) that did not reply to the survey.

TABLE 2: COMPARISON OF ICE FUTURES EUROPE COCOA BEAN STOCKS WITH ICCO SURVEY DATA AS AT 30 SEPTEMBER 2020

 

ICCO survey on European port-warehouse stocks

ICE Futures Europe terminal market stocks

ICE Futures Europe stocks as % of ICCO survey (2019/20)

(tonnes)

 

30 September 2019

30 September 2020 30 September 2019 30 September 2020  
TOTAL 786,385 774,651 169,510 156,730

20.0%

The regular publication of information on terminal market stocks of cocoa by ICE Futures Europe provides an additional check on the accuracy of the ICCO survey results. As seen in Table 2, the percentage of terminal market stocks was reduced by 8% from 169,510 tonnes at the end of the 2018/19 season to 156,730 tonnes for the 2019/20 season. It is worth noting that the ICE Futures Europe stocks represented almost 20% of the overall cocoa stocks of the ICCO European stocks survey as at the end of the 2019/20 cocoa year.

Cocoa stocks published by ICE Futures Europe are generally lower than the volume of cocoa identified by the ICCO survey for two main reasons. Firstly, they represent only part of the cocoa stocks held by warehouse-keepers, as they are restricted to graded cocoa held in ICE Futures Europe nominated warehouses. On the contrary, the ICCO survey endeavours to seek information on all cocoa stocks held by the warehouses, and includes cocoa destined for the terminal market as well as cocoa stocks held by warehouse-keepers for traders, cocoa processors and chocolate manufacturers. The ICCO survey figure also compiles data from a wider geographical area and includes cocoa stored in port warehouses that are outside the ICE Futures Europe designated Delivery Area.

The EWGS would like to note that another meeting will be conveyed to assess the total estimated world stocks of cocoa beans and a press release will be issued in due course.

For more information, please contact Carlos Follana, Marketing and Communication Coordinator, International Cocoa Organization, ICCO Building, II Plateaux ENA – Avenue Boga Doudou, Abidjan, Côte d’Ivoire; Tel: +225 22 51 49 50/51 | Fax: +225 22 51 49 79 | E-mail: Carlos.Follana@icco.org

Abidjan, Côte d’Ivoire, 25 January 2021. The International Cocoa Organization (ICCO) in partnership with the French institution Agricultural Research Centre for International Development (CIRAD) is pleased to announce that the second edition of the International Symposium on Cocoa Research will be taking place on 27-28-29 September 2021 in Montpellier, France.

The International Cocoa Research Symposium is becoming a well-established event in the sector, having previously attracted over 500 participants, not only from the scientific community, but also from the entire cocoa value chain, making it a must-attend event for anyone concerned about the future of cocoa.

The Symposium represents a unique opportunity for participants to interact with cocoa industry leaders and high-level speakers, who will present their latest studies and point the way forward for the cocoa sector. The main theme of this edition of the symposium is “Innovations to Support Market Development and Promote Sustainability in Cocoa Farming to Improve Farmers’ Incomes“.

In order to facilitate the reception of papers and presentations, as well as the registration to attend the event, the organization has published the website www.iscrsymposium.org from which all the information related to the event, the different thematic areas, as well as the conditions and requirements to send the papers can be consulted. The period for submission of papers is open until March 20th, 2021.

For all those who wish to attend the event, which will comply with the strictest measures in terms of prevention of COVID, there are reduced rates until April 30, 2021. Additionally, there are a number of discounts applicable to students and organizations from ICCO Member and non ICCO Member countries.

Press accreditations to attend the event can be requested by emailing events@icco.org or congrescacao2021@cirad.fr

If you want to know more about our latest symposium, please click here