Page 3 – International Cocoa Organization

Abidjan, 14 April 2024 – The International Cocoa Council and subsidiary bodies, including the Consultative Board on the World Cocoa Economy and the Economics and Administration and Finance Committees, will meet from 25 to 27 April, 2024.

This information is restricted to ICCO Members. Please go to Member area for more information.

Timetable of Meetings, 25 – 27 April 2024, Brussels, Belgium

MEETING
47^th Consultative Board (Thursday, 25 April) 09:00 – 11:00 Local time
Opening of the 109^th International Cocoa Council and 22^nd Economics Committee (Thursday, 25 April – Palais d’Egmont, Brussels, Belgium) 11:00 – 12:30 (Local time) – Council 14:00 – 17:00 (Local time) – Economics Commitee
*25^th Administration and Finance Committee and 109^th International Cocoa Council (Friday, 26 April – Palais d’Egmont, Brussels, Belgium) 09:00 – 12:30 (Local time) – Administration and Finance Committee ()* 14:00 – 17:00 (Local time) – Council
109^th International Cocoa Council (Saturday, 27 April – Palais d’Egmont, Brussels, Belgium) 09:00 – 12:30 GMT (Local time) – Council
* = It is respectfully noted that the meetings of the Administration and Finance Committee are open to ICCO Member countries only.

MEETING

47^th Consultative Board (Thursday, 25 April)

09:00 – 11:00 Local time

Opening of the 109^th International Cocoa Council and 22^nd Economics Committee

(Thursday, 25 April – Palais d’Egmont, Brussels, Belgium)

11:00 – 12:30 (Local time) – Council

14:00 – 17:00 (Local time) – Economics Commitee

25^th Administration and Finance Committee* and 109^th International Cocoa Council

(Friday, 26 April – Palais d’Egmont, Brussels, Belgium)

09:00 – 12:30 (Local time) – Administration and Finance Committee (*)

14:00 – 17:00 (Local time) – Council

109^th International Cocoa Council

(Saturday, 27 April – Palais d’Egmont, Brussels, Belgium)

09:00 – 12:30 GMT (Local time) – Council

* = It is respectfully noted that the meetings of the Administration and Finance Committee are open to ICCO Member countries only.

Member area

ED(MEM) 1243 – Working Group on Supply Management

ED(MEM) 1243 – Working Group on Supply Management – English

ED(MEM) 1243 – Working Group on Supply Management – French

ED(MEM) 1243 – Working Group on Supply Management – Spanish

ED(MEM) 1243 – Working Group on Supply Management – Russian

WGSM-REP-3 Report 3rd meeting – English

Cocoa Market Report for February 2024

Abidjan, 22 March 2024 – The International Cocoa Organization releases the Cocoa Market Report for February 2024. The current report highlights the following insights:

High cocoa prices remain a significant concern due to a supply shortfall from key producers Côte d’Ivoire and Ghana, resulting in a 28% and 35% decrease in arrivals at Ivorian and Ghanaian ports, respectively compared to the previous season.
Futures markets were in backwardation. On average, the MAR-24 contracts traded with a premium of 14% and 11% over the SEP-24 respectively in London and New York. Moreover, they recorded a significant rise from February 2023. Their corresponding year-on-year increases were 147% and 120%.
Relative stocks of Ivorian and Ghanaian beans are declining in the US market. They are assumed to be attracted into the European market in anticipation of compliance with the EU deforestation-free regulation.
You can download the complete report by clicking here.