Abidjan, 31 August 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. 3 - Volume XLIII - Cocoa year 2016/2017 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of August 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 3 981
4 692
4 700
+ 719 + 18.1%
World grindings 4 128
4 263
4 282
 + 154 + 3.7%
Surplus/deficit b/ - 187 + 382 + 371    
           
End-of-season stocks 1 410
1 782
1 781
+ 371 + 26.3%
Stocks/Grindings ratio 34.2% 41.8% 41.6%    

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLIII - No. 2 - 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 April-June 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 April-June 2015 to October-December 2016. 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 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, 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: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

Social

Instagram

Twitter

YouTube

Facebook

ICCO Secretariat

Postal Address:
International Cocoa Organization
06 BP 1166 Abidjan 06
Côte d'Ivoire

Tel:  +225 22 51 49 50/51
Fax: +225 22 51 49 79
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

General Information

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.