May 2015 Quarterly Bulletin of Cocoa Statistics

London, 29 May 2015 — The International Cocoa Organization today releases its revised forecasts for the current 2014/2015 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2013/2014, as summarized below. The data published in Issue No. 2 – Volume XLI – Cocoa year 2014/2015 of the Quarterly Bulletin of Cocoa Statisticsreflect the most recent information available to the Secretariat as at the middle of May 2015.

Summary of revised forecasts and estimates

 

Cocoa year (Oct-Sep)	2013/2014	2014/2015		Year-on-year change
	Revised estimates	Previous Forecasts a/	Revised Forecasts
	(thousand tonnes)				(Per cent)
World production	4 359	4 232	4 168	– 191	– 4.4%
World grindings	4 301	4 207	4 164	– 137	– 3.2%
Surplus/deficit b/	+  14	–  17	– 38
End-of-season stocks	1 608	1 609	1 570	– 38	– 2.4%
Stocks/Grindings ratio	37.4%	38.2%	37.7%

 

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLI – No. 1 – Cocoa year 2014/2015
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 2014/2015 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 2015.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2011/2012 to 2013/2014 and quarterly statistics for the period January-March 2013 to July-September 2014. 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 2005/2006 to 2013/2014 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
Westgate House
Ealing
London W5 1YY, UK

Tel:              +44 (0)20 8991 6000
Fax:             +44 (0)20 8997 4372
E-mail:         registry@icco.org or info@icco.org