London, 25 January 2024. The ICCO Expert Working Group on Stocks (EWG-S) met today, Thursday 25 January 2024 to review the level of world cocoa bean stocks. The EWG-S 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 European warehouses as well as assess the level of global cocoa bean stocks. The survey is conducted every year (since 2000) and aims to improve transparency in the cocoa market.
LOCATION OF THE ESTIMATED AND IDENTIFIED COCOA BEAN STOCKS |
30 SEPTEMBER 2021 |
30 SEPTEMBER 2022 |
30 SEPTEMBER 2023 |
Europe |
753 |
842 |
771 |
North America (ICE) |
355 |
368 |
323 |
Côte d’Ivoire |
133 |
87 |
67 |
Ghana |
99 |
13 |
29 |
Peru |
26 |
28 |
28 |
Total identified stocks (*). a |
1,366 |
1,337 |
1,218 |
Manufacturers’ stocks |
92 |
90 |
97 |
Cocoa beans in transit |
108 |
73 |
81 |
Southeast Asis (**) |
199 |
223 |
223 |
Cameroon, Costa Rica, Ecuador, Togo, Venezuela |
54 |
73 |
73 |
Total estimated stocks (***). b |
452 |
459 |
474 |
Total identified + total estimated (a+b). c |
1,818 |
1,796 |
1,690 |
Total identified stocks as a percentage of total identified and estimated stocks (a/c) |
75% |
74% |
72% |
Total statistically-derived stocks (****). d |
2,059 |
1,843 |
1,744 |
Total stocks as a percentage of statistically derived stocks (c/d) |
88% |
97% |
97% |
Notes: Totals may differ from sum of constituents due to rounding
* It refers to stocks identified in the last three consecutive seasons
** The stocks of 2021 and 2022 have been kindly provided by the Cocoa Association of Asia. The 2023 stocks have been estimated by the EWG-S
*** This only includes estimates for the countries listed above
**** Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume XLIX, No. 4, Cocoa Year 2022/23
While the ICCO Secretariat maintains, so far, its supply deficit estimate of 99,000 tonnes for 2022/23 as published in its latest Quarterly Bulletin of Cocoa Statistics (QBCS), it may revise that figure in its next Bulletin due at the end of February 2023, taking into account the outcome of this survey.
For more information, please contact Carlos Follana, Marketing and Communication Coordinator, International Cocoa Organization, ICCO Building, II Plateaux ENA – Avenue Boga Doudou, Abidjan, Côte d’Ivoire; Tel: +225 27 22 51 49 50/51 | Fax: +225 27 22 51 49 79 | E-mail: Carlos.Follana@icco.org
ED(MEM) 1237 – Withdrawal of Costa Rica from the ICA, 2010
ED(MEM) 1237 – Withdrawal of Costa Rica from the ICA, 2010 – English
ED(MEM) 1237 – Withdrawal of Costa Rica from the ICA, 2010 – French
ED(MEM) 1237 – Withdrawal of Costa Rica from the ICA, 2010 – Spanish
ED(MEM) 1237 – Withdrawal of Costa Rica from the ICA, 2010 – Russian
February 2024 Quarterly Bulletin of Cocoa Statistics
Abidjan, Côte d’Ivoire, 29 February 2024 – The International Cocoa Organization today releases its first forecasts for the 2023/24 cocoa year and revised estimates of world production, grindings, and stocks of cocoa beans for the 2022/23 cocoa year. The data published in Issue No. 1 – Volume L – Cocoa year 2023/24 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of February 2024.
Significant declines in production are expected from the top producing countries as they are envisaged to feel the detrimental effect of unfavourable weather conditions and diseases. Moreover, old trees in these countries are producing with lower yields. The low availability of cocoa beans has led to significant increases in cocoa prices. With costs of raw materials increasing, this is likely to affect the operations of processors.
Compared to the 2022/23 season, global cocoa supply is anticipated to decline by almost 11% to 4.449 million tonnes. Global cocoa demand is projected to decrease by almost 5% to 4.779 million tonnes.
Summary of forecasts and revised estimates
Cocoa year
(Oct-Sept)
Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLIX – No. 3 – Cocoa year 2022/23
b/ Surplus/deficit: net world crop (gross crop adjusted for 1% loss in weight) minus grindings.
Totals may differ due to rounding.
Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2020/21 to 2022/23 and quarterly statistics for the period January-March 2022 to July-September 2023. 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
ED(MEM) 1236 – Working Group on Supply Management
ED(MEM) 1236 – Working Group on Supply Management – English
Cocoa Market Report for January 2024
Abidjan, 23 February 2024 – The International Cocoa Organization releases the Cocoa Market Report for January 2024. The current report highlights the following insights:
You can download the complete report by clicking here.
ED(MEM) 1235 – ANNOUNCEMENT APRIL 2024 MEETINGS
ED(MEM) 1235 – ANNOUNCEMENT APRIL 2024 MEETINGS – English
ED(MEM) 1235 – ANNOUNCEMENT APRIL 2024 MEETINGS – French
ED(MEM) 1235 – ANNOUNCEMENT APRIL 2024 MEETINGS – Spanish
ED(MEM) 1235 – ANNOUNCEMENT APRIL 2024 MEETINGS – Russian
ED(MEM) 1234 – Draft Annual Report 2022-2023
ED(MEM) 1234 – Draft Annual Report 2022-2023 – English
ED(MEM) 1233 – WCC5 Free Gala Dinner Tickets Allocation
ED(MEM) 1233 – WCC5 Free Gala Dinner Tickets Allocation – English
ED(MEM) 1233 – WCC5 Free Gala Dinner Tickets Allocation – French
ED(MEM) 1233 – WCC5 Free Gala Dinner Tickets Allocation – Spanish
ED(MEM) 1233 – WCC5 Free Gala Dinner Tickets Allocation – Russian
ED(MEM) 1232 – MLs-MOH_Presentations
ED(MEM) 1232 – MLs-MOH_Presentations_English
ED(MEM) 1232 – MLs-MOH_Presentations – French
ED(MEM) 1232 – MLs-MOH_Presentations – Spanish
ED(MEM) 1232 – MLs-MOH_Presentations – Russian
Presentations stakeholder forum MOHs in food-upd
World cocoa bean stocks for the 2022/23 season
London, 25 January 2024. The ICCO Expert Working Group on Stocks (EWG-S) met today, Thursday 25 January 2024 to review the level of world cocoa bean stocks. The EWG-S 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 European warehouses as well as assess the level of global cocoa bean stocks. The survey is conducted every year (since 2000) and aims to improve transparency in the cocoa market.
Notes: Totals may differ from sum of constituents due to rounding
* It refers to stocks identified in the last three consecutive seasons
** The stocks of 2021 and 2022 have been kindly provided by the Cocoa Association of Asia. The 2023 stocks have been estimated by the EWG-S
*** This only includes estimates for the countries listed above
**** Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume XLIX, No. 4, Cocoa Year 2022/23
While the ICCO Secretariat maintains, so far, its supply deficit estimate of 99,000 tonnes for 2022/23 as published in its latest Quarterly Bulletin of Cocoa Statistics (QBCS), it may revise that figure in its next Bulletin due at the end of February 2023, taking into account the outcome of this survey.
For more information, please contact Carlos Follana, Marketing and Communication Coordinator, International Cocoa Organization, ICCO Building, II Plateaux ENA – Avenue Boga Doudou, Abidjan, Côte d’Ivoire; Tel: +225 27 22 51 49 50/51 | Fax: +225 27 22 51 49 79 | E-mail: Carlos.Follana@icco.org
ED(MEM) 1231 – EU Maximum Levels for MOH
ED(MEM) 1231 – EU Maximum Levels for MOH – English
REPORT ON THE ONLINE FORUM ON MINERAL OIL HYDROCARBONS – 18 January 2024_English
ED(MEM) 1231 – EU Maximum Levels for MOH – French
REPORT ON THE ONLINE FORUM ON MINERAL OIL HYDROCARBONS – 18 January 2024_French
ED(MEM) 1231 – EU Maximum Levels for MOH – Spanish
REPORT ON THE ONLINE FORUM ON MINERAL OIL HYDROCARBONS – 18 January 2024_Spanish
ED(MEM) 1231 – EU Maximum Levels for MOH – Russian
REPORT ON THE ONLINE FORUM ON MINERAL OIL HYDROCARBONS – 18 January 2024_Russian