29 February 2012–The International Cocoa Organization today released its first forecasts for the 2011/2012 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2010/2011, as summarized below.  The data published in Issue No. 1 – 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 middle of February 2012.

Summary of forecasts and revised estimates

 

Cocoa year
(Oct-Sep)
2010/2011 2011/2012 Year-on-year change
Previous estimates a/ Revised estimates Forecasts
(thousand tonnes) (Per cent)
World production 4 250 4 304 3 961 – 343 – 8.0%
World grindings 3 867 3 914 3 992 + 78 + 2.0%
Surplus/deficit b/ + 341 + 347 – 71
End-of-season stocks 1 834 1 777 1 706 – 71 – 4.0%
Stocks/Grindings ratio 47.4% 45.4% 42.7%

Notes:

a/   Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXVII – No. 4 – Cocoa year 2010/2011

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 first 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 October-December quarter of 2011.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2007/2008 to 2009/2010 and quarterly statistics for the period October-December 2009 to April-June 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 2001/2002 to 2009/2010 are presented for reference.

Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and 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

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 Guayaquil, Ecuador, 26 – 30 March  2012.

Provisional Timetable of Meetings, 26-30 March 2012, Guayaquil, Ecuador

ED(MEM) 930-1/Rev.1
English French Spanish

Russian

International Cocoa Council: Draft Agenda

ICC-85-1/Rev.1
English French Spanish Russian

Executive Committee: Draft Agenda

EX-145-1/Rev.1
English French Spanish Russian

Consultative Board on the World Cocoa Economy: Draft Agenda

CB-25-1/Rev.1
English French Spanish Russian

Gabon on 18 January 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.

London, 5 December 2011–The ICCO is organizing the first high-level World Cocoa Conference, to take place in Abidjan, Côte d’Ivoire, the world’s largest cocoa producing country.

Certain to be of interest to all stakeholders in the global cocoa value chain, the event will address the most important issues facing cocoa in the second decade of the 21st century.

To be hosted by the Government of Côte d’Ivoire, the World Cocoa Conference will be opened officially by His Excellency Dr. Alassane Ouattara, President of the Republic of Côte d’Ivoire, in the presence of his peers, heads of state from cocoa producing countries in the region and beyond.  In addition, the Conference will involve chief executives and senior officials from the world’s major cocoa and chocolate companies and will feature presentations from speakers representing the highest expertise in cocoa production, processing, trade, banking, insurance, shipping and many other fields in the world’s cocoa chain.

The Conference Presentations will address topical issues such as sustainable supply and demand, quality and safety, remunerative prices, certification, child labour, price volatility and speculation.

The World Cocoa Conference will also incorporate a major Trade Exhibition, involving participation from worldwide suppliers to the cocoa production and processing industries, including equipment manufacturers, banking, insurance, shipping and trading companies, and those concerns offering both raw cocoa and finished products, as well as a host of ancillary services.

A dedicated Partner Programme will allow accompanying guests to see the highlights of Côte d’Ivoire’s economic capital, Abidjan, and delegates will also be offered the chance to take part in Field Trips and Site Visits linked to the country’s cocoa industry.

Finally, the World Cocoa Conference will conclude with a Gala Evening, highlighted by local and regional musical and other cultural attractions, which will see all sectors of the cocoa trade and industry mix in the ultimate international networking opportunity.

The dates chosen for the World Cocoa Conference are the 19th to the 23rd November 2012, and the venue will be the five-star Hotel Ivoire InterContinental in Abidjan.

More details of the Conference programme, the Exhibition, the Social programme and Sponsorship opportunities will be available shortly on the ICCO website.

The Democratic Republic of the Congo on 4 November 2011 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.

The Executive Director a.i. presents a review of outcome of September’s 84th regular session of the International Cocoa Council and the 144th meeting of the Executive Committee. (NB: Each of the highlighted presentations can be downloaded).

Among the distinguished delegates to our September meetings, we were pleased to welcome Their Excellencies the Ministers of Agriculture and of Trade of Côte d’Ivoire, Her Excellency the High Commissioner of Papua New Guinea and Their Excellencies the Ambassadors to the United Kingdom of Côte d’Ivoire and Costa Rica.

We also enjoyed presentations from the distinguished representatives of a number of our partner bodies, including the United Nations Development Program (UNDP), the International Finance Corporation (IFC) of the World Bank, the Dutch Sustainable Trade Initiative (IDH), the African, Caribbean and Pacific Group of States (ACP), the Common Fund for Commodities (CFC) and the European chocolate industry grouping CAOBISCO.

Since our last meeting in March, we were pleased to report to the Council that a number of countries had officially joined the International Cocoa Agreement 2010. The countries that we were delighted to welcome to the new Agreement were Costa Rica, Ghana, Indonesia, Togo and, most recently, Côte d’Ivoire. We were very pleased as well to note that when the new Agreement takes effect, representation by cocoa producing member countries of the ICCO would be over 95% of world production.

On the occasion of the tenth anniversary of the Harkin-Engel Protocol, which seeks to end the use of the worst forms of child labour in cocoa production, the Council discussed the Protocol and endorsed the work of the International Cocoa Initiative, which works closely with Member governments and is supported by industry and various NGOs.

During the Council meeting, I presented the results of our work at the Secretariat identifying the continuing threat of the Boom and Bust cycle of cocoa supply and demand and the dangerous outcomes that this could have both for producers and consumers. Despite the proliferation of projects and programmes aimed at relieving and shielding producers from the effects of this cycle, there has been little coordination of the various projects in order to focus efforts in the most efficient way to assist producers in an effective and long term manner. The Council therefore agreed to hold a World Cocoa Conference in Abidjan, Côte d’Ivoire in late 2012, to address these important issues, and to provide a “road map” for actions over the next five years aimed at developing a successful and sustainable cocoa economy.

The serious topic of the European Union’s proposed stringent limits on various contaminants in cocoa was also discussed in Council, and the Members expressed deep concern that a compound like cadmium—found in the sorts of volcanic soils that produce some of the world’s best cocoa—is the now being considered for much tighter regulation. The Members asked the Secretariat to make representations to the EU Directorate involved outlining the concerns involved and asking for clarity on the EU’s decision-making process in this case.

In Council, we made significant progress in discussing the Strategic Plan of work for the Organization for the first five years of the new International Cocoa Agreement, and we were able to get approval for a large and ambitious schedule of projects and activities beginning in the upcoming year.

On the subject of project activities, we were able to report to our Executive Committee several projects that are now under way, including SPS Capacity Building in Africa, which was successfully launched at a Workshop in Yaoundé, Cameroon in June.  The project, along with a proposed parallel project to take place in Latin America and Asia, aims to maintain market access for cocoa beans by ensuring the production of good quality cocoa that complies with the relevant international regulations and legislation on pesticide residues and other harmful substances. Some 90 cocoa stakeholders from the five African member countries taking part attended the Yaoundé Workshop, which was addressed by a number of international experts in the field.

We were also able to report to the Council on our very successful Seminar on Cocoa Terminal Markets, which was held in June at the ICCO headquarters in London. About 40 participants—mainly policy makers and their advisors from our member countries all over the world—benefited from the seminar, which looked in depth at futures contracts and the way they are used in the cocoa market. The reactions to this event were so positive that the Secretariat is considering repeating the Seminar in the near future. As part of our capacity building initiatives, the Executive Committee agreed to recommend to Council that more Seminars of this type, on this and other appropriate topics, be conducted in exporting member countries under the auspices of the ICCO Secretariat.

Among the topics on the agenda for discussion, the Council considered the proposed relocation of the Organization’s headquarters to Abidjan, Côte d’Ivoire. His Excellency, the Minister of Trade of Côte d’Ivoire, Mr Dagobert Banzio, reconfirmed his government’s invitation to the Organization, and the offer to host the ICCO in Abidjan for a period of ten years so that the Organization could build its headquarters there. The Council agreed to allow delegates time to consult with their governments about it, and to report back at the next meeting of the Council in March 2012.

The council also launched the search for a new Executive Director to take over the running of the Organization’s Secretariat after the 2010 International Cocoa Agreement comes into force, probably by September 2012. The new Executive Director will come from one of the ICCO member countries, be endorsed by that country and be chosen by a selection panel made up of an equal number of producer and consumer member representatives, the Council decided.

The Council and Executive Committee elected new officers, and named Mr Rafael Jaén Tapiola (Spain) as the 2011/12 Chair of the Council, with Mr David Braun (Switzerland) as First Vice Chair, and a representative of Malaysia as Second Vice Chair. Madame Massandjé Toure-Litsé (Côte d’Ivoire) is the new Chair of the Executive Committee, and Sr Idelfonso Medina Garcia (Dominican Republic) is Vice Chair.

Finally, as a group we must heartily thank the Deputy High Commissioner of Ghana for her country’s very gracious hospitality during our meetings.

Our next meetings are scheduled for March 2012 in Guayaquil, Ecuador, following the kind offer of the government of Ecuador to host the meetings there.

Indonesia on 12 September, 2011 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.

Togo on 19 September 2011 signed the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.

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

Côte d’Ivoire on 20 September 2011 signed the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.

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

International Cocoa Council and subsidiary bodies, including the Consultative Board on the World Cocoa Economy

The International Cocoa Council and subsidiary bodies, including the Consultative Board on the World Cocoa Economy, will meet in London 20 – 23 September 2011.

Provisional Timetable of Meetings, 20-23 September 2011, London

ED(MEM) 925
English French Spanish Russian

 

 

 

International Cocoa Council: Draft Agenda

ICC-84-1
English French Spanish Russian

 

 

 

Executive Committee: Draft Agenda

EX-144-1
English French Spanish Russian

 

 

 

Consultative Board on the World Cocoa Economy: Draft Agenda

CB-24-1
English French Spanish Russian