London, 28 February 2017–The International Cocoa Organization today releases its first forecasts for the 2016/2017 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2015/2016, as summarized below. The data published in Issue No. 1 – Volume XLIII – Cocoa year 2016/2017 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the middle of February 2017.
Summary of forecasts and revised estimates
|Previous estimates a/||Revised estimates||Forecasts|
|(thousand tonnes)||(Per cent)|
|World production||4 031||3 965
||+ 587||+ 14.8%|
|World grindings||4 141||4 121
||4 242||+ 121||+ 2.9%|
|Surplus/deficit b/||– 150||– 196
|End-of-season stocks||1 447||1 401
||+ 264||– 18.8%|
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLII – No. 4 – Cocoa year 2015/2016
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 first forecasts for the 2016/2017 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 2016.
Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2012/2013 to 2014/2015 and quarterly statistics for the period October-December 2014 to April-June 2016. 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 2006/2007 to 2014/2015 are presented for reference.
Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format, can be ordered by completing and returning this form, or from the ICCO Secretariat at the address below:
International Cocoa Organization
06 P.O. Box 6891