London, 29 August 2014--The International Cocoa Organization today releases its revised forecasts for the current 2013/2014 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2012/2013, as summarized below. The data published in Issue No. 3 - Volume XL - Cocoa year 2013/2014 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the end of July 2014.

Summary of revised forecasts and estimates

Cocoa year
(Oct-Sep)
2012/2013 2013/2014 Year-on-year change
   Revised
estimates
Previous
forecasts a/
Revised
forecasts
 
  (thousand tonnes)   (Per cent)
World production 3 942 4 162 4 345 + 403 + 10.2%
World grindings 4 111 4 195 4 262 + 151 + 3.7%
Surplus/deficit b/ - 208   - 75  + 40    
           
End-of-season stocks 1 620 1 565 1 660 + 40 + 2.5%
Stocks/Grindings ratio 39.4% 37.3% 38.9%    

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XL - No. 2 - Cocoa year 2013/2014
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 2013/2014 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 April-June quarter of 2014.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2010/2011 to 2012/2013 and quarterly statistics for the period April-June 2012 to October-December 2013. 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 2004/2005 to 2012/2013 are presented for reference.

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


International Cocoa Organization
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Ealing
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Fax: +44 (0)20 8997 4372
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Further information on the ICCO, the cocoa market, statistics, meetings, or any other subject related to the world cocoa economy can be obtained by contacting the Information and Media Officer at This email address is being protected from spambots. You need JavaScript enabled to view it.