Latest News From The ICCO

Abidjan, 29 May 2020 - The International Cocoa Organization today releases its revised forecasts for the 2019/20 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for the 2018/19 cocoa year. The data published in Issue No. 2 - Volume XLVI - Cocoa Year 2019/20 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of May 2020.

 

Summary of forecasts and revised estimates

 

 

      Cocoa year (Oct-Sep)

2018/19 2019/20  Year-on-year change
 Revised estimates Previous forecasts a/
Revised forecasts
(thousand tonnes)   (Per cent)
 World gross production 4 780 4 824 4 750 - 30 - 0.63%
  World grindings 4 784 4 861 4 783 - 1
- 0.02%
  Surplus/deficit    b/ - 52
- 85 - 80
  End-of-season stocks 1 718 1 530
1 638
-80
- 4.66%
  Stocks/Grindings ratio 35.9% 31.5% 34.2%

 

Notes:

a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLVI - No. 1 -  Cocoa year 2019/20

b/ Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings

Totals may differ due rounding.

 

This issue of the Bulletin contains the Secretariat's revised forecasts for the 2019/20 cocoa year as well as data for the past four years of production and grindings of cocoa beans, details by country. The main features of the global market are illustrated in colour charts. In addition, the Bulletin includes comments on the crop and demand prospects in the leading countries for the current season, a review of price developments on international markets for cocoa beans during the January-March quarter of 2020 and the evolution of trade flow data estimated for major cocoa exporting and importing countries during the first quarter of the 2019/20 season.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers crop year data from 2016/17 to 2018/19 and quarterly statistics for the period April-June 2018 to October-December 2019. Details of destination of exports and origin of imports for leading cocoa exporting countries are also provided. Historical statistics on cocoa trade, by country and by region, for the period 2010/11 to 2018/19 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 | ICCO Building | II-Plateaux ENA - Avenue Boga Doudou | Abidjan | Côte d'Ivoire | Tel: +225 22 51 49 50/51 | Fax: +225 22 51 49 79 | Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Abidjan, 6 March 2020 - The International Cocoa Organization today releases its first forecasts for the 2019/20 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2018/19 cocoa year. The data published in Issue No. 1 - Volume XLVI - Cocoa Year 2019/20 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of February 2020.

 

Summary of forecasts and revised estimates

Cocoa year 

(Oct-Sept)

2018/19 2019/20 Year-on-year change
Previous estimates a/ Revised estimates Forecasts  
  (thousand tonnes)   (Per cent)
           
World gross production 4 834 4 745 4 824 + 79 + 1.7%
World grindings 4 807 4 805 4 861 + 56 + 1.2%
Surplus/deficit   b/ - 21 - 107 - 85    
           
End-of-season stocks 1 701 1 615 1 530 - 85 - 5.3%
Stocks/Grindings ratio 35.4% 33.6% 31.5%    

Notes:

a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLV - No. 4 - Cocoa year 2018/19

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 2019/20 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 market are illustrated in colour charts. In addition, the Bulletin includes comments on the crop and demand prospects in the leading countries for the current season, a review of price developments on international markets for cocoa beans during the October-December quarter of 2019 and the evolution of trade flow data estimated for major cocoa exporting and importing countries during the 2018/19 season.

Statistics information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers crop year data from 2016/17 to 2018/19 and quarterly statistics for the period January-March 2018 to July-September 2019. Details of destination of exports and origin of imports for leading cocoa exporting and importing countries are also provided. Historical statistics on cocoa trade and consumption, by country and by region, for the period 2010/11 to 2018/19 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 | ICCO Building | II-Plateaux ENA - Avenue Boga Doudou | Abidjan | Côte d'Ivoire | Tel: +225 22 51 49 50/51 | Fax: +225 22 51 49 79 | Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

 

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London, 23 January 2020 - The ICCO Expert Working Group on Stocks (EWGS) met today, Thursday 23 January 2020 to review the level of world cocoa bean stocks. The EWGS is composed of experts in the cocoa field who meet once a year, at the invitation of the ICCO, to review and analyse the results of the ICCO's annual survey of cocoa bean stocks held in warehouses worldwide. The survey has been conducted every year since 2000 and aims to improve transparency in the cocoa market.

The results of the latest survey showed that world cocoa bean stocks are estimated to have increased to 1.538 million tonnes as at the end of the 2018/19 cocoa year (30 September 2019). Unfortunately, this year there was a significant reduction in responses to the survey. Therefore, a larger proportion of the stock had to be estimated.

 

 Location of cocoa bean stocks
30 September 2018 30 September 2019
STOCKS IN COCOA IMPORTING COUNTRIES 1,121 1,151
STOCKS IN COCOA EXPORTING COUNTRIES 318 313
COCOA BEANS IN TRANSIT 78 73
TOTAL STOCKS 1,517 1,538
of which identified
               Volume 1,306 1,057
                Percent 86% 69%
ICCO statistically-derived stocks 1,722 1,701

 Totals and differences may differ due to rounding.

 

The EWGS now notes that a gap of 163,000 tonnes exists between the annual survey of cocoa stocks held in warehouses worldwide and the ICCO's statistically-derived stocks figure.

The review conducted by the EWGS during its meeting led to the conclusion that the survey results underestimate existing world stocks due to the expansion of stocks held in locations not reporting to the ICCO survey. The most significant area of unreported stocks was identified as Asia.

While the ICCO Secretariat maintains, so far, its supply deficit estimate of 21,000 tonnes for 2018/19 as published in its latest QBCS, it may revise that figure in its next Bulletin due at the end of February 2020, taking into account the outcome of this survey.

 

For more information, please contact Bérénice Grace Bah, Editorial and Conference Officer, International Cocoa Organization, ICCO Building, II Plateaux ENA - Avenue Boga Doudou, Abidjan, Côte d'Ivoire; Tel: +225 22 51 49 50/51 | Fax: +225 22 51 49 79 | Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

 

 

 

Abidjan, 29 November 2019--The International Cocoa Organization today released its revised estimates, summarized below, of world production, grindings and stocks of cocoa beans for the 2018/2019 cocoa year. The data published in Issue No. 4 - Volume XLV - Cocoa year 2018/2019 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of November 2019.

Summary of revised estimates

Cocoa year
(Oct-Sep)
2017/2018 2018/2019 Year-on-year change
   Revised
estimates
Previous
estimates a/
Revised
estimates
 
  (thousand tonnes)   (Per cent)
World production 4 651
4 849
4 834
+ 183
+ 3.9%
World grindings 4 596
4 783
4 807
+ 211
+ 4.6%
Surplus/deficit b/  + 8
  + 18
  - 21
   
           
End-of-season stocks 1 722
1 740
1 701
- 21
- 1.2%
Stocks/Grindings ratio 37.5% 36.4% 35.4%    

Notes:
a/  Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLV - No. 3 - Cocoa year 2018/2019
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 revised estimates for the 2018/2019 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 the crop and demand situation in the leading countries, and a review of price developments on international markets for cocoa beans during the 2018/2019 cocoa year.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2015/2016 to 2017/2018, and quarterly statistics for the period October-December 2017 to April-June 2019. Details of destination of exports and origin of imports for leading cocoa exporting countries are also provided. Historical statistics on cocoa trade and consumption, by country and by region, for the period 2009/2010 to 2017/2018 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
, ICCO Building, II-Plateaux ENA - Avenue Boga Doudou, Abidjan, Côte d'Ivoire
. Tel: +225 22 51 49 50/51
; Fax: +225 22 51 49 79; 
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

event title left

•    Fifth edition of the World Cocoa Conference in Bali, Indonesia 20-23 September 2020
•    Over 1,000 stakeholders expected to attend from across the cocoa value chain
•    Exhibition of sector suppliers, services and side events

IMG 1535  cocoa treeAbidjan, 31 October 2019 — Over 1,000 stakeholders from all over the world are expected to attend the fifth edition of the World Cocoa Conference, scheduled for 20 - 23 September 2020 at the Bali Nusa Dua Convention Center in Bali, Indonesia.

As the largest gathering in the cocoa and chocolate sector, the World Cocoa Conference will bring together actors from every part of the cocoa value chain, including farmers, cooperatives and governments from producing and consuming countries, traders, grinders, processors and chocolate manufacturers, along with representatives of civil society, logistics and financial services for the sector, gathering for the first time in Asia to discuss and define solutions for the sustainability of the cocoa value chain.

2019 03 19 67991 1552969698. large BALIThe Conference is produced by the International Cocoa Organization (ICCO) and will take place on the island of Bali, at the kind invitation of the Government of Indonesia, official host of this edition of the biennial event. It will offer the opportunity to showcase the specificities of the Asian cocoa market and particularly the significant production and processing sector of the host country.

ARGCOCOA18 329 panel wcc 2018The full programme of the Conference will be published very soon. However, we can already foresee that with the pressing issue of low cocoa prices currently at the heart of discussions in the sector, topics such as value addition and value distribution along the cocoa value chain will be central to the conference.

An Exhibition area will be set up for sector suppliers to display the services and innovations on offer in the industry. The Conference will also incorporate side meetings highlighting specific aspects of the complex cocoa and chocolate value chain.

Argus Media will once again be the organizing partner, handling the logistics of the event, based on its experience gained from the four conf exhibitionprevious editions. Prospective delegates, exhibitors and sponsors are invited to visit the dedicated website www.worldcocoaconference.org for more information about the Conference.

The International Cocoa Organization (ICCO) is an intergovernmental body responsible for the sustainable development of the cocoa value chain. It has 52 Members including 22 cocoa exporting countries and 30 cocoa importing countries. It aims to be the main platform of exchange and networking for the cocoa sector and the most reliable and complete source of information in the sector.

Abidjan, 30 August 2019--The International Cocoa Organization today released its revised forecasts for the current 2018/2019 cocoa year and revised estimates for 2017/2018 of world production, grindings and stocks of cocoa beans, summarized below. The data published in Issue No. 3 - Volume XLV - Cocoa year 2018/2019 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of August 2019.

Summary of revised forecasts and estimates

Cocoa year
(Oct-Sep)
2017/2018 2018/2019 Year-on-year change
   Revised
estimates
Previous
forecasts a/
Revised
forecasts
 
  (thousand tonnes)   (Per cent)
World production 4 651
4 834
4 849
 + 198 + 4.3%
World grindings 4 596
4 750
4 783
 + 187 + 4.1%
Surplus/deficit b/ + 8
 + 36
+ 18
   
           
End-of-season stocks 1 722
1 759
1 740
+ 18  + 1.0%
Stocks/Grindings ratio 37.5% 37.0% 36.4%    

Notes:
a/   Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XLV - No. 2 - Cocoa year 2018/2019
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 revised forecasts for the 2018/2019 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, it 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 April-June quarter of 2019.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2015/2016 to 2017/2018 and quarterly statistics for the period July-September 2017 to January-March 2019. 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 2009/2010 to 2017/2018 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
Abidjan 06
Côte d'Ivoire

Tel:              +225 22 51 49 50/51
Fax:             +225 22 51 49 79
E-mail:         This email address is being protected from spambots. You need JavaScript enabled to view it.

The International Cocoa Council and subsidiary bodies, including the Consultative Board on the World Cocoa Economy and the Working Group on the review of the International Cocoa Agreement, 2010, as well as the Economics and Administration and Finance Committees, will meet at the Heden Golf Hotel, Abidjan, Côte d'Ivoire, 9 - 12 September 2019.

Provisional Timetable of Meetings, 9 - 12 September 2019, Abidjan, Côte d'Ivoire

ED(MEM) 1096-Rev.1

English

French

Spanish

Russian


Arrangements for the September 2019 meetings

ED(MEM) 1095

English

French

Spanish

Russian


International Cocoa Council: Draft Agenda

ICC-100-1

English

French

Spanish

Russian


Administration and Finance Committee: Draft Agenda

AF-17-1-Rev.1

English

French

Spanish

Russian


Economics Committee: Draft Agenda

EC-14-1

English

French

Spanish

Russian


Consultative Board on the World Cocoa Economy: Draft Agenda

CB-39-1

English

French

Spanish

Russian


Working Group on the review of the International Cocoa Agreement, 2010: Draft Agenda

WGA-19-1

English

French

Spanish

Russian

The Intercontinental Exchange (ICE) soft commodities team is organising a three-day certified cocoa grader course.

This specialised training, which begins on 4 November, is aimed at teaching the technical skills required to grade cocoa according to the ICE London Cocoa Contract requirements.

The course will take place at the ICE Grading Room facility in Basildon, London.



Please note that space on the course is limited to only eight places.

For more information, please click here or contact tel: +44 (0) 20 7065 7706; email: This email address is being protected from spambots. You need JavaScript enabled to view it..

Abidjan, 31 May 2019--The International Cocoa Organization today releases its revised forecasts for the current 2018/19 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2017/18, as summarized below. The data published in Issue No. 2 - Volume XLV - Cocoa year 2018/19 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of May 2019.

Summary of revised forecasts and estimates

Cocoa year
(Oct-Sep)
2017/2018 2018/2019 Year-on-year change
   Revised
estimates
Previous
Forecasts a/
Revised
Forecasts
 
  (thousand tonnes)   (Per cent)
World production 4 652
4 799
4 834
+ 182 + 3.9%
World grindings 4 596
4 712
4 750
+ 154 + 3.4%
Surplus/deficit b/    + 9
+ 39
+ 36
   
           
End-of-season stocks 1 723
1 773
1 759
 + 36 + 2.1%
Stocks/Grindings ratio 37.5% 37.6% 37.0%    

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLV - No. 1 - Cocoa year 2018/19
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 revised forecasts for the 2018/19 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 January-March quarter of 2019.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2015/16 to 2017/2018 and quarterly statistics for the period January-March 2017 to July-September 2018. Details of destination of exports and origin of imports for leading cocoa exporting countries are also provided. Historical statistics on cocoa trade and consumption, by country and by region, for the period 2009/10 to 2017/2018 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 1166
Abidjan 06
Côte d'Ivoire

Tel:              +225 22 51 49 50/51
Fax:             +225 22 51 49 79
E-mail:         This email address is being protected from spambots. You need JavaScript enabled to view it.

The International Cocoa Council, meeting in Abidjan, Côte d'Ivoire, on 12 April 2019 released the following communiqué:

THE INTERNATIONAL COCOA COUNCIL,
1. Acknowledging the contribution of the cocoa sector towards the achievement of the Sustainable Development Goals (SDGs); and taking into account the need to equally balance the economic, environmental and social pillars of the SDGs;

2. Considering that forests are indispensable for addressing the issue of climate change;

3. Considering that many ICCO exporting Members have in place national programs and policies aiming at fighting deforestation and favouring reforestation;

4. Noting that the agricultural sector is a major driver of deforestation and that the impact of cocoa is significant in certain deforestation hotspots;

5. Acknowledging that deforestation is a global issue that needs a global solution;

6. Taking note of the EU initiative on stepping up action against deforestation and forest degradation;

7. Considering that improvement in the revenues and the living conditions of cocoa farmers must be integrated in the policies aiming at fighting deforestation;

8. Recognising the importance of maintaining market access for cocoa exports to the European Union and sustainable consumption, and such initiatives shall not constitute a disguised restriction to international trade;

9. Considering that cocoa can actually play a key role in the process of forest restoration, given that cocoa’s growth environment favours agroforestry systems and the presence of shade trees;

10. Recalling that one recommendation of the Berlin Declaration is to end deforestation and promote forest protection and restoration;

11. Considering that one of the objectives of the International Cocoa Agreement (ICA), 2010 is to provide an appropriate framework for discussion on all cocoa matters among governments, and with the private sector as well as the civil society;

12. Further noting as per the terms of Article 43 of the International Cocoa Agreement (ICA), 2010, that Members shall make all necessary efforts to accomplish a sustainable cocoa economy;

13. After due consideration of the opinion of the Consultative Board on the World Cocoa Economy.


RESOLVES:
14. To task the ICCO Secretariat with taking all appropriate measures to establish a dialogue with the European Union and other ICCO importing Member countries, with the aim of setting up a platform enabling all relevant stakeholders within the world cocoa economy to join forces and scale up their common actions on the issue of deforestation;

15. To encourage ICCO Member countries to implement and contribute to enforce policies and practices that ensure environmental protection, including anti- deforestation and reforestation measures, soil protection, and agroforestry systems;

16. To encourage the European Union to strengthen its policy dialogue and cooperation with commodity-exporting countries by developing tailored approaches taking into consideration country-specific rural development challenges, such as forestry and rural land tenure legislations;

17. To remind the European Union that the cocoa ecosystem plays an important role in the reforestation of affected areas and to improve the natural equilibrium of its social and economic surroundings;

18. To strengthen the partnership with producing countries in order to support financially and technically the national policies and programs aiming at fighting deforestation;

 19. To work towards the improvement of farmers’ living conditions and productivity, as an avenue to reducing poverty in rural communities in the medium term, which will contribute to the efforts to tackle deforestation;

20. To encourage payments to producers for environmental services provided, within the framework of the fight against deforestation and actions towards reforestation;

21. To work with bilateral and multilateral partners as well as with its Members in order to mobilise financing for the implementation of policies and actions to protect forests and their rehabilitation.

The International Cocoa Council and subsidiary bodies, including the Consultative Board on the World Cocoa Economy, as well as the Economics and Administration and Finance Committees, will meet at the Heden Golf Hotel, Abidjan, Côte d'Ivoire, 8 - 11 April 2019.

Provisional Timetable of Meetings, 8 - 11 April 2019, Abidjan, Côte d'Ivoire

ED(MEM) 1082/Rev.1

English

French

Spanish

Russian


Arrangements for the April 2019 meetings

ED(MEM) 1081

English

French

Spanish

Russian


International Cocoa Council: Draft Agenda

ICC-99-1/Rev.1

English

French

Spanish

Russian


Administration and Finance Committee: Draft Agenda

AF-15-1

English

French

Spanish

Russian


Economics Committee: Draft Agenda

EC-13-1/Rev.1

English

French

Spanish

Russian


Consultative Board on the World Cocoa Economy: Draft Agenda

CB-38-1

English

French

Spanish

Russian

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Postal Address:
International Cocoa Organization
06 BP 1166 Abidjan 06
Côte d'Ivoire

Tel:  +225 22 51 49 50/51
Fax: +225 22 51 49 79
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The ICCO International Cocoa Agreement is available to download in Acrobat PDF format.

Go to the ICCO Agreements page

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The procedures for becoming a member of the International Cocoa Organization are provided in Articles 52 to 57 of the International Cocoa Agreement, 2010.

How to Become an ICCO Member - International Cocoa Agreement 2010

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Further information on the ICCO, the cocoa market, statistics, meetings, or any other subject related to the world cocoa economy can be obtained by contacting the Information and Media Officer at This email address is being protected from spambots. You need JavaScript enabled to view it.