London, 30 November 2017--The International Cocoa Organization today releases its revised estimates, summarized below, of world production, grindings and stocks of cocoa beans for the 2016/2017 cocoa year. The data published in Issue No. 4 - 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 middle of November 2017.

Summary of revised estimates

Cocoa year
(Oct-Sep)
2015/2016 2016/2017 Year-on-year change
   Revised
estimates
Previous
estimates a/
Revised
estimates
 
  (thousand tonnes)   (Per cent)
World production 3 993
4 700
4 733
+ 740
+18.5%
World grindings 4 127
4 282
4 351
+ 224 + 5.4%
Surplus/deficit b/  - 174
   371
   335
   
           
End-of-season stocks 1 425
1 781
1 760
+ 335
+ 23.5%
Stocks/Grindings ratio 34.5% 41.6% 40.5%    

Notes:
a/  Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLIII - No. 3 - 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 estimates 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 the crop and demand situation in the leading countries, and a review of price developments on international markets for cocoa beans during the 2016/2017 cocoa year.

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 July-September 2015 to January-March 2017. Details of destination of exports and origin of imports for leading cocoa exporting 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; 
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ICCO Secretariat

Postal Address:
International Cocoa Organization
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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.