London, 27 November 2015--The International Cocoa Organization today released its revised estimates, summarized below, of world production, grindings and stocks of cocoa beans for the 2014/2015 cocoa year. The data published in Issue No. 4 - Volume XLI - Cocoa year 2014/2015 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of November 2015.

Summary of revised estimates

Cocoa year
(Oct-Sep)
2013/2014 2014/2015 Year-on-year change
   Revised
estimates
Previous
estimates a/
Revised
estimates
(thousand tonnes)   (Per cent)
World production 4 372
4 158 4 201
- 171 - 3.9%
World grindings 4 322
4 131 4 123
- 199 - 4.6%
Surplus/deficit b/        6  - 15     36
End-of-season stocks 1 565
1 601 1 601 + 36 + 2.3%
Stocks/Grindings ratio 36.2% 38.8% 38.8%

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLI - No. 3 - 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 estimates 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 the crop and demand situation in the leading countries, and a review of price developments on international markets for cocoa beans during the 2014/2015 cocoa year. 

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 July-September 2013 to January-March 2015. 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
United Kingdom

Tel:             +44 (0)20 8991 6000
Fax:            +44 (0)20 8997 4372
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ICCO Secretariat

Postal Address:
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Further information on the ICCO, the cocoa market, statistics, meetings, or any other subject related to the world cocoa economy can be obtained by contacting the Information and Media Officer at This email address is being protected from spambots. You need JavaScript enabled to view it.