London 30 May 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. 2 – 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 middle of May 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 | 3 929 | 4 104 | 4 162 | + 233 | + 5.9% |
| World grindings | 4 083 | 4 178 | 4 195 | + 112 | + 2.7% |
| Surplus/deficit b/ | – 193 | – 115 | – 75 | ||
| End-of-season stocks | 1 640 | 1 547 | 1 565 | – 75 | – 4.6% |
| Stocks/Grindings ratio | 40.2% | 37.0% | 37.3% | ||
Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XL – No. 1 – 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 January-March 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 January-March 2012 to July-September 2013. 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 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, [media-downloader media_id=”2514″ texts=”can be ordered by completing and returning this form “]or from the ICCO Secretariat at the address below:
International Cocoa Organization
Westgate House
Ealing
London W5 1YY, UK
Tel: +44 (0)20 8991 6000
Fax: +44 (0)20 8997 4372
E-mail: registry@icco.org or info@icco.org

London, 27 May 2014 — Richard Quest, the well-known CNN television business broadcaster and journalist, is to moderate a panel at the World Cocoa Conference in June in Amsterdam.
London, 23 May 2014 — The International Cocoa Organization in mid-May was presented with the 2014 grand prize of the Academie Française du Chocolat et de la Confiserie (the French Chocolate and Confectionery Academy).
Among the issues under discussion in Zurich were the plans for the second edition of the World Cocoa Conference (WCC) at the RAI Convention Centre in Amsterdam in June, and ICCO Executive Director Dr. Jean-Marc Anga was able to report that four Ministers were already scheduled to be on hand officially to open the event. Besides an attractive slate of speakers and panellists from around the world, he added, the Amsterdam WCC was already guaranteed to bring together a host of top executives from the world’s largest cocoa and chocolate companies.
A report on the recently concluded second Certification Workshop was also presented to the Consultative Board, highlighting progress in identifying commonalities in standards and benefits for all stakeholders, and especially cocoa producers. While the social and environmental pillars of sustainability were already being addressed, the participants of the workshop found that it was the economic pillar—which encompasses farmer livelihoods—that still required much work.
Council Chairman Anna Tofftén of Sweden who presided over the main meeting, introduced Dr. Stephen Opuni, the new CEO of the Ghana Cocoa Board, and the Council considered reports from the ICCO’s Economics and Administration and Finance Committees, which both met alongside the Council in Zurich.
London, 18 March 2014 — Over 70 stakeholders from Europe, the US, Africa, Latin America and Southeast Asia took part in the ICCO’s second International Workshop on Cocoa Certification in Zurich, Switzerland on 6 and 7 March, the Organization reported today.
Peru on 4 March 2014 signed the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.
This issue of the Bulletin contains the Secretariat’s first 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 Bulletinincludes 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 October-December quarter of 2013.