The Secretary General of the United Nations Conference on Trade and Development (UNCTAD) on 19 September 2012 convened a meeting of the parties that had negotiated and concluded the International Cocoa Agreement, 2010, pursuant to Article 57, paragraph 3 of the Agreement.

The meeting noted that the Governments of six cocoa exporting countries; namely the Democratic Republic of Congo, Côte d’Ivoire, the Dominican Republic, Gabon, Guinea and Togo, accounting for 43.17% of votes as set out in Annex “A” to the Agreement and the Governments of importing countries, comprising the European Union and Switzerland, accounting for 54.90% of votes, as set out in Annex “B” of the Agreement, have deposited their instruments of ratification, acceptance, approval or accession, or have notified the depositary that they will apply the Agreement provisionally when it enters into force. (These countries are listed in Annex I of the decision, reproduced below).

These Governments decided that they would put the International Cocoa Agreement into force provisionally among themselves in whole as of 1 October 2012.

The Governments further decided that any State which, by 30 September 2012, deposits its instrument of ratification, acceptance, approval or accession, or notifies the depositary that it will apply the Agreement provisionally when it enters into force, shall be deemed to be listed in Annex I to the present decision.

During the course of the meeting, the governments of countries that are party to the International Cocoa Agreement, 2001 issued formal statements to the International Cocoa Council, confirming that they are in the process of signing and ratifying the new Agreement and that they expect to complete these formalities by the end of the upcoming 2012/2013 cocoa year.

As a result, the International Cocoa Agreement, 2010 is on track to have 48 Member countries, four more than the 2001 Agreement, including four new exporting countries: Costa Rica, the Democratic Republic of Congo, Guinea and Indonesia. Together, the 19 exporting country members of the Agreement will account for over 95% of global cocoa output, while the 29 importing country members will account for approximately 55% of global imports.

The full text of the International Cocoa Agreement, 2010, can be downloaded in Arabic, Chinese, English, French, Russian and Spanish, by clicking here.

Click here to see the official notification of entry into force of the Agreement from the United Nations.

Annex I

INTERNATIONAL COCOA AGREEMENT, 2010

Exporting Members          Importing Members
Congo (Democratic Republic) European Union:
Côte d’Ivoire   – Austria
The Dominican Republic   – Belgium
Gabon   – Bulgaria
Guinea    – Cyprus
Togo    – The Czech Republic
   – Denmark
   – Estonia
   – Finland
   – France
   – Germany
   – Greece
   – Hungary
   – Ireland
   – Italy
   – Latvia
   –  Lithuania
   –  Luxembourg
   –  Malta
   –  Netherlands
   –  Romania
   –  Poland
   –  Slovakia
   –  Slovenia
   –  Spain
   –  Sweden
   –  United Kingdom
Non-members of the European Union:
   – Switzerland

 

Sierra Leone on 1 October 2012 signed the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.

Click here to see the official notification of signature to the Agreement from the United Nations.

Trinidad and Tobago on 24 September 2012 signed the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.

Click here to see the official notification of signature to the Agreement from the United Nations.

28 August 2012–The International Cocoa Organization today released its revised forecasts for the 2011/2012 cocoa year and revised estimates for 2010/2011 of world production, grindings and stocks of cocoa beans, summarized below. The data published in Issue No. 3 – Volume XXXVIII – Cocoa year 2011/2012 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of August 2012.

Summary of revised forecasts and estimates

 

Cocoa year
(Oct-Sep)
2010/2011 2011/2012 Year-on-year change
Revised
estimates
Previous
forecasts a/
Revised
forecasts
(thousand tonnes) (Per cent)
World production 4 311 3 990 3 962 – 349 – 8.1%
World grindings 3 927 3 993 3 941 + 14 + 0.4%
Surplus/deficit b/ + 341   – 43    – 19
End-of-season stocks 1 773 1 732 1 754 – 19 – 1.1%
Stocks/Grindings ratio 45.1% 43.4% 44.5%

Notes:
a/   Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXVIII – No. 2 – Cocoa year 2011/2012
b/   Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals and differences may differ due to rounding.

This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2011/2012 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 2012.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2008/2009 to 2010/2011 and quarterly statistics for the period April-June 2010 to October-December 2011. 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 2002/2003 to 2010/2011 are presented for reference.

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

International Cocoa Organization
Commonwealth House
1-19 New Oxford Street
London WC1A 1NU, UK

Tel:              +44 (0)20 7400 5050
Fax:             +44 (0)20 7421 5500
E-mail:         registry@icco.org or info@icco.org

The International Cocoa Council and subsidiary bodies, including the Consultative Board on the World Cocoa Economy, will meet in London, 17 – 21 September 2012.  The meetings will be preceded by the first meeting of the Expert Working Group on Food Safety, Cocoa Productivity and Quality, scheduled for 14 September at the ICCO offices.

Alongside the meetings will be held the United Nations Cocoa Conference 2010 Meeting pursuant to Article 57 Paragraph 3 of the International Cocoa Agreement 2010, notification of which is available here.

Provisional Timetable of Meetings, 14-21 September 2012, London

ED(MEM) 941
English French Spanish Russian

International Cocoa Council: Draft Agenda

ICC-86-1
English French Spanish Russian

Executive Committee: Draft Agenda

EX-146-1
English French Spanish Russian

Consultative Board on the World Cocoa Economy: Draft Agenda

CB-26-1
English French Spanish Russian

Expert Working Group on Food Safety, Cocoa Productivity and Quality: Draft Agenda

EWG-F-1-1
English French Spanish Russian

Guinea on 19 June 2012 acceded to the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.

Click here to see the official notification of accession to the Agreement from the United Nations.

Togo on 22 June 2012 ratified the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.

Click here to see the official notification of ratification to the Agreement from the United Nations.

Brazil on 7 June 2012 signed the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.

Click here to see the official notification of signature to the Agreement from the United Nations.

30 May 2012–The International Cocoa Organization today released its revised forecasts for the 2011/2012 cocoa year and revised estimates for 2010/2011 of world production, grindings and stocks of cocoa beans, summarized below.  The data published in Issue No. 2 – Volume XXXVIII – Cocoa year 2011/2012 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of May 2012.

Summary of revised forecasts and estimates

 

Cocoa year
(Oct-Sep)
2010/2011 2011/2012 Year-on-year change
Revised
estimates
Previous
forecasts a/
Revised
forecasts
(thousand tonnes) (Per cent)
World production 4 309 3 961 3 990 – 319 – 7.4%
World grindings 3 923 3 992 3 993 + 70 + 1.8%
Surplus/deficit b/ + 343 – 71 – 43
End-of-season stocks 1 775 1 706 1 732 – 43 – 2.4%
Stocks/Grindings ratio 45.2% 42.7% 43.4%

Notes:
a/   Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXVIII – No. 1 – Cocoa year 2011/2012
b/   Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals and differences may differ due to rounding.

This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2011/2012 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 2012.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2008/2009 to 2010/2011 and quarterly statistics for the period January-March 2010 to July-September 2011.  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 2002/2003 to 2010/2011 are presented for reference.

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

International Cocoa Organization
Commonwealth House
1-19 New Oxford Street
London WC1A 1NU, UK

Tel:              +44 (0)20 7400 5050
Fax:             +44 (0)20 7421 5500
E-mail:         registry@icco.org or info@icco.org

The European Union (on 15 May) and Côte d’Ivoire (on 16 May) ratified the International Cocoa Agreement 2010, the United Nations Treaty Office confirmed.

The notifications mean that the ICCO’s largest exporting member and its largest importing member both have ratified the Agreement, which is due to come into force in October 2012.

Click here to see the official notification of the European Union’s ratification of the Agreement from the United Nations.

Click here to see the official notification of Côte d’Ivoire’s ratification of the Agreement from the United Nations.