World cocoa bean stocks for the 2020/21 season

Abidjan, 27 January 2022. The ICCO Expert Working Group on Stocks (EWGS) met today, Thursday 27 January 2022 to review the level of world cocoa bean stocks. The EWGS is composed of experts in the cocoa field who meet once a year, at the invitation of the ICCO, to review and analyse the results of the ICCO’s annual survey of cocoa bean stocks held in European warehouses as well as assess the level of global cocoa bean stocks. The survey is conducted every year (since 2000) and aims to improve transparency in the cocoa market.

 

LOCATION OF THE ESTIMATED AND IDENTIFIED COCOA BEAN STOCKS 30 SEPTEMBER 2019 30 SEPTEMBER 2020 30 SEPTEMBER 2021
Stocks in cocoa importing countries 1,011 987 1,106
Stocks in cocoa exporting countries 215 171 256 ***
Stocks in South-East Asia 199
Total identified stocks 1,226 ** 1,158 ** 1,561
Manufacturers’ stocks 77 75 95
Cocoa beans in transit 83 81 107
Total estimated world cocoa bean stocks 1,385 ** 1,315 ** 1,764
Total identified world stocks as a percentage of total estimated world stocks 89% 88% 88%
Total identified stocks as a percentage of statistically-derived stocks 70% 68% 81%
ICCO statistically-derived stocks* 1,731 1,712 1,924

Notes: Totals may differ from sum of constituents due to rounding

* Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume XLVII, No. 4, Cocoa Year 2020/21

** Do not include stocks data from South-East Asia

*** Do not include data from Brazil

The EWGS now notes that, compared to the revised gap of 397,000 tonnes for the 2019/20 cocoa year, the current assessment indicates that the gap between the estimated cocoa bean stocks worldwide and the ICCO’s statistically-derived stocks data has declined to 160,000 tonnes for the 2020/21 cocoa year. This reduction is partly due to the inclusion of stocks from South-East Asia in the current assessment. However, the non-availability of stocks from some important producing countries contributed to the current divergence.

While the ICCO Secretariat maintains, so far, its supply surplus estimate of 212,000 tonnes for 2020/21 as published in its latest QBCS, it may revise that figure in its next Bulletin due at the end of February 2022, taking into account the outcome of this survey.

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

Cocoa Market Report for December 2021

Abidjan, 24 January 2022 – The International Cocoa Organization today releases the Cocoa Market Report for December 2021. The current report highlights the following insights:

  • Arrivals and purchases of cocoa beans from the two-top producing countries were reported to be down by 4% in Côte d’Ivoire, and a staggering 54% in Ghana.
  • Compared to their settlement values recorded during the first trading day of December, prices of the MAR-22 contract moved upwards on both sides of the Atlantic, increasing by 6% from US$2,181 to US$2,304 per tonne and by 8% from US$2,342 to US$2,530 per tonne in London and New York respec¬tively.
  • The annual average of the US-denominated ICCO daily price stood at US$2,427 per tonne, up by 3% compared to level reached the previous year.

You can download the complete report by clicking here.