Abidjan, 02 December 2020 – The International Cocoa Organization today releases its revised estimates of world production, grindings, and stocks of cocoa beans for the 2019/20 and 2018/19 cocoa years, summarized below. The data published in Issue No. 4 – 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 November 2020.

In order to generate more value-added information for the cocoa sector and to provide its readers with a better user experience, the new Quarterly Bulletin of Cocoa Statistics has been totally rebranded with a more visual and user-friendly design, for a better and faster understanding of the data by its readers. Besides graphical illustrations of the global market, for visualization purposes, the information in each section also has been captured in several maps, pie charts and Sankey diagrams. In addition, the Bulletin includes comments on crop and demand developments in the leading countries and a review of price movements on international markets for cocoa beans during the 2019/20 season. Furthermore, the document contains a valuable annex with historical data updated on a quarterly basis by the Organization’s Statistics Section.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2016/17 to 2018/19 and quarterly statistics for the period July-September 2018 to January-March 2020. Details of destination of exports and origin of imports for leading cocoa exporting countries are also provided.

Summary of revised estimates

 

Cocoa year
(Oct-Sep)
2018/2019 2019/2020 Year-on-year change
Revised
estimates
Previous
estimates a/
Revised
estimates
(thousand tonnes) (Per cent)
World production 4,784
4,724 4,697
– 87 – 1.8%
World grindings 4,784
4,635
4,631
– 153 – 3.2%
Surplus/deficit b/ – 48 +42 +19
 
End-of-season stocks 1,722
1,760
1,741
+ 19 + 1.1%
Stocks/Grindings ratio 36.0% 38% 37.6%

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLVI – No. 3 –  Cocoa year 2019/20
b/   Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals may differ due to rounding.

Copies of the Quarterly Bulletin of Cocoa Statistics, in Microsoft Excel and Adobe PDF formats, can be now ordered from the new ICCO eShop: www.icco.org/shop