Abidjan, 11 February 2022 – The International Cocoa Organization today releases the Cocoa Market Report for January 2022. The current report highlights the following insights:
- Grindings data published by the main regional cocoa associations for the first quarter of the 2021/22 cocoa year signalled that cocoa demand for the season started on a strong note.
- Cocoa production in Côte d’Ivoire since the start of the 2021/22 cocoa year is reported to have overtaken last season’s level at 1.340 million tonnes as at 30 January, slightly up by 1.5% compared with the 1.320 million tonnes recorded at the same period of the 2020/21 season. On the contrary in Ghana, the latest available data on purchases of graded and sealed cocoa beans were lower year-on-year.
- During January 2022, prices of the front-month cocoa futures contract oscillated between US$2,238 and US$2,428 per tonne in London and averaged US$2,324 per tonne, slightly lower compared to the average price of US$2,343 per tonne for the nearby contract recorded at the same period of the 2020/21 cocoa year. In New York, the average price of the MAR-22 contract settled at US$2,547 per tonne, up from US$2,528 per tonne recorded in January 2021 and ranged between US$2,420 and US$2,663 per tonne.
You can download the complete report by clicking here.