March 2010 Quarterly Bulletin of Cocoa Statistics

The International Cocoa Organization today releases its first forecasts for the 2009/2010 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for the 2008/2009 cocoa year, as summarized below. The data published in issue No. 1 – Volume XXXVI – Cocoa year 2009/2010 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of February 2010.

Summary of forecasts and revised estimates

 Cocoa year (Oct-Sep) 2008/2009  2009/2010 Year-on-year change
 Previous estimates a/  Revised estimates  Forecasts
(thousand tonnes)  (Per cent)
 World production  3 515  3 560  3 597  + 37  + 1.0%
 World grindings  3 508  3 492  3 579  + 87  + 2.5%
 Surplus/deficit b/  – 28  + 32  – 18
 End-of-season stocks  1 556  1 611  1 593  -18  – 1.1%
 Stocks/Grindings ratio  44.4%  46.1%  44.5%

a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXV – No. 4 – Cocoa year 2008/09
b/ Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals and differences may differ due to rounding.

This issue of the Bulletin contains the Secretariat’s first forecasts for the 2009/2010 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 October – December quarter of 2009.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2005/2006 to 2007/2008 and quarterly statistics for the period from October-December 2007 to April-June 2009. 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 from 1999/2000 to 2007/2008 are presented for reference.

Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format can be ordered from the ICCO Secretariat at the address below:

International Cocoa Organization
Commonwealth House
1-19 New Oxford Street
London WC1A 1NU
Tel: +44 (0)20 7400 5050
Fax: +44 (0)20 7421 5500