Abidjan, 16 May 2023 – The International Cocoa Organization releases the Cocoa Market Report for April 2023. The current report highlights the following insights:
- In April, cocoa grindings data published by the main regional cocoa associations for the second quarter of the 2022/23 season indicated an overall increase in major cocoa-consuming markets.
- Available information on crop sizes in main cocoa-origin countries in West Africa suggests that compared to the 2021/22 cocoa year, the 2022/23 cocoa season is heading towards a supply deficit due to a reduction in production.
- The global cocoa market was generally bullish in April with prices of the front-month cocoa futures contract reaching a 6-year high on both the London and New York markets at US$2,831 per tonne and US$3,218 per tonne respectively.
You can download the complete report by clicking here.