February 2026 Quarterly Bulletin of Cocoa Statistics
Abidjan, Côte d’Ivoire, 27 February 2026 – The International Cocoa Organization today releases its revised estimates for the 2024/25 cocoa year of world production, grindings, and stocks of cocoa beans, summarized below. The data published in Issue No. 1 – Volume LII – Cocoa Year 2025/26 of the Quarterly Bulletin of Cocoa Statistics, reflects the most recent information available to the Secretariat as at the beginning of February 2026.
Recent data received by the Secretariat has necessitated several adjustments to the 2024/25 global cocoa balance sheet. The global supply surplus for the season has been revised to 75,000 tonnes in this issue. Updated figures show that global cocoa production and grindings are now estimated to be 4.728 million tonnes and 4.606 million tonnes respectively.
Summary of forecasts and revised estimates
| 2023/24 | 2024/25 | Year-on-year change | |||
|---|---|---|---|---|---|
| Estimates a/ | Previous estimates a/ | Revised estimates | |||
| (thousand tonnes) | (per cent) | ||||
| World production | 4 362 | 4 698 | 4 728 | + 366 | + 8.4% |
| World grindings | 4 810 | 4 604 | 4 606 | − 204 | − 4.2% |
| Surplus / deficit b/ | − 492 | + 49 | + 75 | — | — |
| End-of-season stocks | 1 272 | 1 324 | 1 347 | + 75 | + 5.9% |
| Stocks/Grindings ratio | 26.4% | 28.8% | 29.2% | — | — |
a/ Estimates as published in the previous ICCO Quarterly Bulletin of Cocoa Statistics.
b/ Positive figure indicates a surplus; negative figure indicates a deficit.
Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2022/23 to 2024/25 and quarterly statistics for the period January-March 2024 to July-September 2025. Details on destinations of exports and origins of imports for leading cocoa exporting countries are also provided.
Caution should be exercised in the interpretation of the data in this issue of the Bulletin as they may be subject to revisions in subsequent Bulletins and reports from the Secretariat.
Copies of the Quarterly Bulletin of Cocoa Statistics, in Microsoft Excel and Adobe PDF formats, can be ordered from the new ICCO e-Shop: www.icco.org/shop or by email: statistics.section@icco.org
