Abidjan, 20 May 2025 – The International Cocoa Organization releases the Cocoa Market Report for April 2025. The current report highlights the following insights:

  • News about cocoa supplies at the beginning of the mid-crop, i.e., April 2025, revealed the potential for a poor mid-crop from the top-producing countries in West Africa. In addition, the flat tariff rate of 10% on all U.S. imports supported prices.
  • On the demand side, Q1 2025 quarterly grinding data from major cocoa associations revealed a decline: the European Cocoa Association reported a drop of 3.7% (to 353,522 tons); the Cocoa Association of Asia (CAA) reported a decline of 3.44% (to 213,898 tons); and the National Confectioners Association (NCA) reported a decline of 2.45% (to 110,278 tons). Although quarterly grindings were negative, they were better than analysts’ expectations. The grinding data signaled some demand resilience and boosted prices.
  • With uncertainty concerning the mid-crop lingering, there are five months remaining until the end of the season. The next five months will be interesting as progress in market fundamentals will provide a clearer view of the cocoa market outlook.

Caution should be exercised in the interpretation of the following steps as they are just guidelines.

You can download the complete report by clicking here.

Abidjan, 07 May 2025

Calls for Bid to host the 6th edition of the World Cocoa Conference (2027)

The International Cocoa Organization (ICCO) is calling for bids to host the 6th edition of the World Cocoa Conference (WCC) scheduled to take place during the third quarter of 2027, (tentatively in September 2027, the exact dates will be communicated later).

The WCC is the world’s premier cocoa gathering, bringing together government officials, industry and trade stakeholders, as well as civil society, to discuss and address the current issues related to the production, trade, processing, and marketing of cocoa and its various products, including chocolate.

The conference is held on a regular basis, having been launched in Abidjan, Côte d’Ivoire in November 2012 and subsequently hosted in Amsterdam, the Netherlands in June 2014; Bávaro, the Dominican Republic in May 2016; Berlin, Germany in April 2018 and in Brussels, Belgium in April 2024.

Hosting the WCC provides an exceptional opportunity for a country to enhance its visibility on the global stage of the cocoa sector. It promotes international partnerships and knowledge exchange, showcasing the host’s commitment to sustainable cocoa development and attracting beneficial investments.

All applicants should draft a submission containing extensive information on the points listed below. Preference will be given to formal bids from ICCO exporting Member countries. Importing Members and non-member countries will also be considered, in that order, should there be no bid from ICCO exporting Members.

1. CONFERENCE VENUE

The conference venue should accommodate approximately 1,300 participants and facilitate both plenary and simultaneous multitrack breakout sessions. It must include at least one auditorium to seat an audience of 1,300 participants along with a minimum of three (3) nearby breakout rooms, each having a seating capacity of around 400 participants. The meeting rooms should either have incorporated soundproofed interpretation booths or provide sufficient space to add these booths without affecting seating capacity.

The layout of the meeting rooms should incorporate flexible seating arrangements that can easily be reconfigured for interactive workshops, roundtable discussions and other collaborative brainstorming sessions.

Additional nearby rooms would also be required, to serve as Organizer/Secretariat office, Executive Director’s office, VIP speaker room, Speaker and Panellist room, Press room, etc. At least six (6) rooms of various sizes are required for this purpose.

2. EXHIBITION

An exhibition will be held during the conference. From past experiences, we expect up to 100 stands of 3 meters × 3 meters (9 square meters). This will require another large room close to the main auditorium but separated from it by at least one soundproofed wall.

3. CATERING

Buffet-style lunch will be served for all conference participants in a nearby room or rooms with an expandable number of seating places. The same or alternative spaces could be used for cocoa breaks, when cocoa, coffee and tea would be offered to participants mid-morning and mid-afternoon.

4. GALA DINNER

A formal gala dinner should be held at an appropriate offsite venue, with transportation provided. We expect an attendance of approximately 600 people.

5. ACCOMMODATION

A list of potential accommodation should be included in the bid with hotels ranging from three to five stars, near the conference venue, offering discounted rates for registered participants.

6. ACCESSIBILITY BY AIR

The venue should be close to an international airport, or at the very least an airport with good connections and accessibility for international flights from Africa, Asia and Latin America.

7. LOCAL, REGIONAL AND NATIONAL SUPPORT

Submissions must demonstrate strong evidence of support from government entities (local, regional or national) and the cocoa sector (including trade associations or individual companies). This support can be shown through a significant financial contribution to the overall conference budget, a major contribution in kind or by taking responsibility for some of the costs to run the conference (e.g., rental of the venue, subsidising delegates unable to afford the costs of attending, the Gala Dinner, catering or other major budgeted costs).

Bids from professional event organizers or conference centres will be considered, provided they are clearly supported by government entities.

8. BUDGET & COST SHARING

The bidder should commit to contributing 50% of the estimated total budget of the conference and should include a written confirmation of this commitment in the bid. The other half of the budget will be covered by the ICCO, with the proceeds of the sales of the tickets, stands and sponsoring packages as described in point 9 below.

The estimated total cost for the organization of a World Cocoa Conference is about €1.5 million. The final budget will be negotiated and agreed upon between the ICCO and the selected bidder, based on their bid and all information gathered by both parties, within 3 months following the decision of the ICCO Council to award the organisation of the WCC6.

9. PROFESSIONAL CONFERENCE ORGANIZER

A Professional Conference Organizer (PCO) will be hired to oversee the promotion, administration, and management of the event, working closely with the host country and the ICCO for collaborative success.

The PCO will be remunerated exclusively through a commission on the sales revenues they generate, which include conference registration, sponsorships, exhibition fees, meeting room bookings, and gala dinner ticket sales. All proceeds from these sales will go to the ICCO (after deduction of the PCO’s commission).

All costs incurred by the PCO in the execution of the tasks (travel, accommodation, coordination, creation and design of graphic charts and other material, promotion, marketing, sales, administration, management of the conference, of the gala dinner and the exhibition, etc.) will be covered by this remuneration.

Bidders can either hire a PCO themselves or recommend one or more PCOs for consideration by the ICCO.

– If the bidder hires the PCO, the commission must be indicated in the bid and will be part of negotiations regarding the final budget.

– If the bidder recommends PCOs, the ICCO will select and hire a PCO according to its procurement rules and negotiate the commission directly with the PCO for inclusion in the final budget.

In either case,

1) The tasks to be undertaken by the PCO must be closely detailed in the contract.

2) The PCO must contractually collaborate with the ICCO, and the details of the contract will be subject to negotiations including ICCO and the host country.

The ICCO requests bidders to address each point 1-9 in their formal submission. Any other supporting information would be welcome. The deadline for submission of formal bids to host the 6th World Cocoa Conference is Friday 1 August 2025, 11:59 PM UTC.

Bids should be sent in digital format to Mrs Laetitia ANEY, Sustainable Development Officer, International Cocoa Organization, Laetitia.Aney@icco.org, with copy to wcc6@icco.org

The International Cocoa Council will consider all pre-selected bids at its 112th regular session where a final decision is expected (29 September-2 October 2025).

For further information or enquiries about bidding for the World Cocoa Conference 2024, please contact Mrs Laetitia ANEY, Sustainable Development Officer, ICCO; e-mail: Laetitia.Aney@icco.org, with copy to wcc6@icco.org

 

Draft Strategic Plan of Action (2024-2029) for the International Cocoa Organization

Projet de plan d’action stratégique (2024-2029) de l’Organisation internationale du cacao

Borrador del Plan de Acción Estratégico (2024-2029) para la Organización Internacional del Cacao

проект стратегического плана действий международной организации по какао (2024-2029 годы)

Abidjan, 11 April 2025 – The International Cocoa Organization releases the Cocoa Market Report for March 2025. The current report highlights the following insights:

  • In March 2025, cocoa futures prices retreated from the highs and remained range bound. In London, the front-month contract averaged US$8,100 per metric ton and ranged between US$7,844 and US$8,326 per metric ton, while in New York it averaged US$8,055 per metric ton and ranged between US$7,728 and US$8,415 per metric ton.
  • Although the supply side of the market was less of a concern in March 2025, there was pessimism regarding the Ivorian mid-crop as reports indicated that more rain was needed at that time.
  • Another aspect to consider is that with production forecasts for other major producing countries likely to be better than the 2023/24 season, it is likely that production from other countries could offset the projected losses from the Ivorian mid-crop. As such, prices did not react significantly at the time to views of an expected poor mid-crop from Côte d’Ivoire.
  • The weakening of cocoa demand also played a role in the bearish trend observed in cocoa prices.
  • US tariffs were implemented. Although a 90 day reprieve for all countries except China came into effect on April 9, 2025, a universal tariff of 10% applies to all exports to the United States.

Caution should be exercised in the interpretation of the following steps as they are just guidelines.

You can download the complete report by clicking here.

Abidjan, 17 March 2025 – The International Cocoa Organization releases the Cocoa Market Report for February 2025. The current report highlights the following insights:

  • As the season progresses, the record prices of the past few years have affected cocoa supply and demand, and consequently prices.
  • On the one hand, high cocoa prices have been accompanied by investment in cocoa farms. The results are now being seen in improved production in producing countries.
  • High cocoa prices have depressed demand. Major producers are facing financial challenges.
  • Starting the month at US$10,747 in London and US$10,952 in New York, cocoa prices fell 16% to US$9,056 per tonne in London and 19% to US$8,890 per tonne in New York by the end of February.
  • Reports of weakening demand and favourable weather conditions supporting production were attributed to the price decline.

Caution should be exercised in the interpretation of the following steps as they are just guidelines.

You can download the complete report by clicking here.

Abidjan, Côte d’Ivoire, 28 February 2025 – The International Cocoa Organization today releases its first forecasts for the 2024/25 cocoa year and revised estimates of world production, grindings, and stocks of cocoa beans for the 2023/24 cocoa year. The data published in Issue No. 1 – Volume LI – Cocoa year 2024/25 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of February 2025.

The 2024/25 season is envisaged to be better than the 2023/24 season despite the challenges faced by producers which includes but not limited to weather conditions, diseases, pests, old tress etc. High cocoa prices which have prevailed for the past several years has incentivized farmers to put in more efforts and resources in cocoa farming despite the challenges they face. On the contrary, declines in demand are expected as high cost of raw materials for cocoa users seems to be causing reduced demand.

Compared to the 2023/24 season, global cocoa supply is anticipated to increase by almost 7.8% to 4.840 million tonnes. Global cocoa demand is projected to decrease by almost 4.8% to 4.650 million tonnes.

 

Summary of forecasts and revised estimates

 Cocoa year 

(Oct-Sept)

2023/24 2024/25 Year-on-year change
Previous estimates a/ Revised estimates Forecasts
(thousand tonnes) (Per cent)
World gross production 4 382 4 489 4 840 + 351 + 7.8%
World grindings 4 816 4 885 4 650 – 235 – 4.8%
Surplus/deficit   b/ – 478 – 441 +142
End-of-season stocks 1 300 1 336 1 478 + 142 + 10.6%
Stocks/Grindings ratio 27.0% 27.3% 31.8%

Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. L – No. 4 – Cocoa year 2023/24
b/ Surplus/deficit: net world crop (gross crop adjusted for 1% loss in weight) minus grindings.
Totals may differ due to rounding.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2021/22 to 2023/24 and quarterly statistics for the period January-March 2023 to July-September 2024. Details on destinations of exports and origins of imports for leading cocoa exporting countries are also provided.

Caution should be exercised in the interpretation of the data in this issue of the Bulletin as they may be subject to revisions in subsequent Bulletins and reports from the Secretariat.

Copies of the Quarterly Bulletin of Cocoa Statistics, in Microsoft Excel and Adobe PDF formats, can be ordered from the new ICCO e-Shop: www.icco.org/shop or by email: statistics.section@icco.org

Abidjan, 17 February 2025 – The International Cocoa Organization releases the Cocoa Market Report for January 2025. The current report highlights the following insights:

  • Cocoa prices in January continued to remain liable to rapid changes due to challenges facing the cocoa market. Weather during the month were reported to be less conducive for the development of the mid-crop in Côte d’Ivoire and supported prices.
  • By mid-January, it was observed that a turning point in cocoa demand may have started as the major regional cocoa associations in Europe, North America and Asia reported a decline in their quarterly cocoa grindings data. It is worth pointing out that data published by the European Cocoa Association (ECA) and Cocoa Association of Asia (CAA) for the quarter Q4-2024, were at their lowest levels since 2020 – which was during the era of COVID-19. It is also likely that the high cocoa prices may have pressured manufacturers and led to a reduction in the amount of cocoa processed.
  • High prices have also raised a few financial issues:
    • (i) the increased capital needed to buy, stock and trade beans;
    • (ii) the increased price risk exposure; and (iii) the demand for higher margins in futures hedges.
  • However, recent statistics indicate that worldwide, the average unit price of chocolate confectionery products has increased. Rising production costs (cocoa, energy, sugar) are the main causes. This resulted in a global decrease in consumption volume. But the decrease was less than proportional to the price rise, so the overall final consumer expenditure augmented.

Caution should be exercised in the interpretation of the following steps as they are just guidelines.

You can download the complete report by clicking here.

Abidjan, 31 January 2025 – The International Cocoa Organization (ICCO) is pleased to announce its participation in the Malaysian International Cocoa Fair (MICF) 2025, organized by the Malaysian Cocoa Board. The conference will take place from May 24 to 27, 2025, at the Sabah International Convention Centre (SICC), Kota Kinabalu, Sabah, Malaysia. This prestigious event will bring together key players in the cocoa industry, including producers, researchers, policymakers, and industry experts from around the globe.

Event Details:

  • Date: May 24-27, 2025
  • Venue: Sabah International Convention Centre (SICC), Kota Kinabalu, Sabah, Malaysia
  • Theme: Embracing Cocoa Challenges for Sustainable Excellence

Conference Highlights: The MICF 2025 will feature a comprehensive program designed to address the pressing challenges and opportunities within the cocoa industry in Asia. Key highlights include:

  • Opening Ceremony: Featuring a keynote address by YB Datuk Seri Johari bin Abdul Ghani, Minister of Plantation and Commodities.
  • World Cocoa Scenario Session: Presented by Mr. Michel Arrion, Executive Director of the International Cocoa Organization (ICCO).
  • Plenary Lectures and Expert Panels: Discussions on topics such as cocoa traceability, price trajectories, and the future of the cocoa industry in Asia.
  • Networking Opportunities: Including a VVIP tour, exhibition visits, and a networking lunch to foster collaboration and knowledge sharing among attendees.
  • Concurrent Sessions: Covering a range of topics from high-yield opportunities in cocoa plantations to innovations in cocoa and chocolate production.

Special Events:

  • Malaysian International Cocoa Dinner: An evening of cultural performances and networking on May 26, 2025.
  • Poster and Exhibition Visits: Showcasing the latest research and innovations in the cocoa industry.

MICC 2025 aims to drive forward-thinking solutions for the future of cocoa production, processing, and trade. Attendees will gain insights into the latest market trends, sustainable practices, and technological advancements. The conference will also provide a platform for meaningful collaboration and networking, helping to strengthen the global cocoa community.

For more information and to register for the event, please visit MICF 2025.

 

 

London, 23 January 2025. The ICCO Expert Working Group on Stocks (EWG-S) met today, Thursday 23 January 2025 to review the level of world cocoa bean stocks. The EWG-S 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 and aims to improve transparency in the cocoa market.

LOCATION OF THE ESTIMATED AND IDENTIFIED COCOA BEAN STOCKS
(THOUSAND TONNES)
30 SEPTEMBER 2022 30 SEPTEMBER 2023 30 SEPTEMBER 2024
Stocks in cocoa importing countries 1,192 1,102 639
Stocks in cocoa exporting countries 201a 123a 111b
Stocks in South-East Asia 223 223c 112d
Manufacturers’ stocks 90 97 96
Cocoa beans in transit 73 71 82
Minimum estimated world cocoa bean stocks 1,778 1,616 1,041
Minimum estimated world stocks as a percentage of statistically-derived stocks 97% 91% 80%
ICCO statistically-derived stockse 1,842 1,778 1,300

Notes: Totals may differ from the sum of constituents due to rounding.
a/ Seven producing countries provided data.
b/ Three producing countries provided data.
c/ The EWG-S estimated the stocks data for 30 September 2023 for Southeast Asia.
d/ Data for September 2024 is reported by the Cocoa Association of Asia, but not all those invited to participate in the survey provided data.
e/ Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume L, No. 4, Cocoa Year 2023/24.

While the ICCO Secretariat maintains, so far, its supply deficit estimate of 478,000 tonnes for 2023/24 as published in its latest QBCS, it may revise that figure in its next Bulletin due at the end of February 2025, 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 27 22 51 49 50/51 | Fax: +225 27 22 51 49 79 | E-mail: Carlos.Follana@icco.org

 

Abidjan, 20 January 2025 – The International Cocoa Organization releases the Cocoa Market Report for December 2024. The current report highlights the following insights:

  • Cocoa futures finished December 2024 on a strong increase with the nearby contract for the last trading day of the year at US$11,441 per tonne and US$11,545 per tonne in London and New York respectively. Weather conditions including hot temperatures, La Nina and harmattan in major cocoa producing countries could have a negative toll on the 2024/25 global supplies of cocoa beans. Consequently, prices have remained high.
  • Published regional cocoa associations grindings data for the Q4.2024 quarter were lower year-on-year – an indicator that cocoa demand is plummeting. The significant rise in cocoa prices will inevitably affect demand. Until current market fundamentals show signs of improving production, cocoa prices may continue to be high. However, should demand continue its downtrend, then the market may head towards an equilibrium.

Caution should be exercised in the interpretation of the following steps as they are just guidelines.

You can download the complete report by clicking here.