United Nations Cocoa Conference 2026 – Geneva, Switzerland

Abidjan, 26 January 2026 – The International Cocoa Organization (ICCO) informs that pursuant to a request from the International Cocoa Council, transmitted to the Secretary-General of UNCTAD United Nations Conference on Trade and Development (UNCTAD) a United Nations Cocoa Conference 2026 will be held on 13 February 2026 in Geneva.

The Conference will be formally opened by Mr. Pedro Manuel Moreno, Deputy Secretary-General of UNCTAD, and will focus on the presentation of a successor agreement to the International Cocoa Agreement, 2010.

High-level statements will be delivered by the 2 spokespersons of the membership of ICCO, H.E. Mr. Aly Touré, Permanent Representative of Côte d’Ivoire to ICCO on behalf of the exporting members, and Mr. Zoltan Agái from the European Commission on behalf of the importing members.

The Conference will be held alongside a Special Session of the International Cocoa Council and will culminate in the opening for signature and provisional application of the International Cocoa Agreement, 2026 by potential Contracting Parties.

All ICCO Member countries are invited to participate and are encouraged to coordinate through their Permanent Representations in Geneva.

Non-members countries are equally encouraged to consider their participation in the Conference, to accede to the new International Cocoa Agreement (ICA 2026), and to become members of the ICCO.

 

World cocoa bean stocks for the 2024/25 season

Abidjan, 22 January 2026. The ICCO Expert Working Group on Stocks (EWG-S) met today, Thursday 22 January 2026 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 and aims to improve transparency in the cocoa market.

LOCATION OF THE ESTIMATED AND IDENTIFIED COCOA BEAN STOCKS
(THOUSAND TONNES)		 30 SEPTEMBER 2023 30 SEPTEMBER 2024 30 SEPTEMBER 2025
Stocks in cocoa importing countries (a) 1,073 631 666
Stocks in cocoa exporting countries (b) 124 136 136
Stocks in South-East Asia 223 (c) 112 (d) 100 (d)
Total identified stocks 1,420 879 902
Manufacturers’ stocks 97 94 90
Cocoa beans in transit 71 94 119
Total estimated world cocoa bean stocks 1,588 1,067 1,112
Total identified world stocks as a percentage of total estimated world stocks 90% 82% 81%
Total identified stocks as a percentage of statistically-derived stocks 80% 69% 68%
ICCO statistically-derived stocks (e) 1,764 1,275 1,324

Notes: Totals may differ from sum of constituents due to rounding.
a/ Importing countries include Belgium, Estonia, France, Germany, Italy, Latvia, the Netherlands, Poland, Russia, Spain, UK and licensed US warehouses
b/ Cameroon, Côte d’Ivoire, Ghana and Peru provided data for exporting countries
c/ The EWG-S estimated the stocks data for 30 September 2023 for Southeast Asia
d/ Data for September 2024 and September 2025 are reported by the Cocoa Association of Asia (CAA), but not all those invited to participate in the CAA survey provided data.
e/ Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume LI, No. 4, Cocoa Year 2024/25.

The EWG-S estimates an increase in stocks of between 70,000 and 90,000 tonnes aggregated between Brazil, Japan, Turkey and other parts of South-East Asia. These figures are not included in the table above.

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

Cocoa Market Report for November 2025

Abidjan, 12 December 2025 – The International Cocoa Organization releases the Cocoa Market Report for November 2025. The current report highlights the following insights:

  • In November 2025, cocoa futures prices exhibited an overall bearish trend, with only modest price increases. This was influenced by a combination of regulatory developments, supply expectations, and demand dynamics.
  • Signals from regulators and policymakers played a significant role in influencing market sentiment. The postponement of the European Union Deforestation Regulation (EUDR) and the announcement that cocoa would be exempt from reciprocal tariffs under US trade policy improved the supply outlook. This permitted cocoa trade to continue without the need for immediate strict compliance and alleviated short-term supply concerns.
  • However, contraction in cocoa demand contributed to downward pressure on prices, reinforcing the bearish tone in the market.
  • Only limited price gains were observed, primarily due to inventory drawdowns in ICE Futures US licensed warehouses.
  • Overall, regulatory delays, trade exemptions and weakening demand defined the cocoa futures market in November 2025, signalling cautious optimism regarding supply, but raising persistent concerns about consumption.

 

November 2025 Quarterly Bulletin of Cocoa Statistics

Abidjan, Côte d’Ivoire, 28 November 2025. The International Cocoa Organization today releases its revised estimates for the 2023/24 and 2024/25 cocoa years of world production, grindings, and stocks of cocoa beans, summarized below. The data published in Issue No. 4 – Volume LI – Cocoa Year 2024/25 of the Quarterly Bulletin of Cocoa Statistics, reflects the most recent information available to the Secretariat as at the beginning of November 2025.

The latest Bulletin highlights that the 2023/24 cocoa season closed with a substantial deficit of 489,000 tonnes This is in contrast with the surplus of 49,000 tonnes estimated for the 2024/25 season. Elevated cocoa prices in recent years have encouraged farmers to reinvest in their operations, adopt improved cultivation techniques and expand production capacity, supporting expectations of recovery.

Global cocoa grindings are estimated at 4.81 million tonnes for 2023/24 season and 4.60 million tonnes for 2024/25 season. High input costs have constrained processing margins, limiting growth and resulting in a year-on-year decline in grindings.

Summary of revised estimates

Cocoa year (Oct-Sep) 2023/24 2024/25
Revised estimates		 Year-on-year change
Previous estimates a/ Revised estimates
(thousand tonnes) (Per cent)
World production 4 369 4 365 4 698 +333 +7.6%
World grindings 4 819 4 810 4 602 -208 -4.3%
Surplus/deficit b/ -494 -489 +49
End-of-season stocks 1 270 1 275 1 324 +49 +3.8%
Stocks/Grindings ratio 26.4% 26.5% 28.8%

Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. L – No. 3 – Cocoa year 2024/25
b/  Surplus/deficit: net world crop (gross crop adjusted for 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 October-December 2022 to April-June 2024. 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 ICCO e-Shop: www.icco.org/shop or by email: statistics.section@icco.org

Cocoa Market Report for October 2025

Abidjan, 16 November 2025 – The International Cocoa Organization releases the Cocoa Market Report for October 2025. The current report highlights the following insights:

  • Since the start of the 2025/26 season, cocoa prices have declined. From the start to the end of October 2025, prices in London dropped from around US$6,320 to US$5,808 per ton, and in New York, they fell from US$6,686 to US$6,133 per ton.
  • Port arrivals in Côte d’Ivoire reached 411,000 tons, a 9.7% year-over-year decrease, possibly due to stockpiling by processors rather than poor harvests.
  • Weak demand also weighed on prices. Q3 2025 grindings showed Asia’s sharpest drop, while mixed trends were observed in Europe and North America.
  • Overall, October 2025 saw a bearish tone. However, as the season progresses, uncertainties regarding EUDR regulations, harmattan weather, and seasonal factors could alter the supply-demand balance, consequently affecting prices.

 

Relaunch of the Call for Bids to Host the 6th World Cocoa Conference (WCC) 2027

Abidjan, 20 October 2025 – The International Cocoa Organization (ICCO) is pleased to announce the relaunch of the call for bids to host the 6th edition of the World Cocoa Conference (WCC), scheduled for the second half of 2027. The new deadline for submitting bids is 31 December 2025, 11:59 PM UTC.

This relaunch follows the initial call published in May 2025 and aims to ensure that future submissions fully meet the Terms of Reference and address key requirements that were not sufficiently covered in previous bids. You can consult the original announcement here: Call for bids to host the 6th edition of the World Cocoa Conference, 2027.

Key Requirements for This Phase

  • Budget Commitment and PCO Arrangements
    Bidders must provide a written and unconditional confirmation to cover 50% of the total budget, estimated between €1.2 million and €1.5 million. Contributions may include direct financial support and/or major conference costs (venue rental, gala dinner, catering, etc.), clearly quantified in the bid.
    Revenues from registration fees, exhibition stands, sponsorship packages, and other sales will accrue to ICCO (after deduction of the PCO’s commission). If the bidder is a PCO or hires one, the commission of the PCO must be explicitly stated in the proposal.
  • Institutional and Industry Support
    Formal backing from national authorities (ministries, public agencies) and  from the cocoa and chocolate sector is required, evidenced through official letters of endorsement. Support from international industry actors is also expected.
  • Priority to ICCO Exporting Members
    In line with previous practice, priority will be given to ICCO exporting Members. If no qualifying bid is received from exporting Members, bids from importing Members and non-Member countries meeting the criteria will be considered.

Submission and Contact

Bids should be submitted in digital format to Mrs. Laetitia ANEY, Sustainable Development Officer, at Laetitia.Aney@icco.org, with copy to wcc6@icco.org. The ICCO Secretariat remains available for any clarification.

Link to the original call:
Call for bids to host the 6th edition of the World Cocoa Conference, 2027

Cocoa Market Report for September 2025

Abidjan, 16 October 2025 – The International Cocoa Organization releases the Cocoa Market Report for September 2025. The current report highlights the following insights:

Cocoa prices continued to fall in September 2025, extending the downward trend from August. This was driven by a more optimistic supply outlook, supported by:

  • Expanded production in Ecuador
  • Better weather in West Africa
  • Higher farm gate prices

A global surplus is expected for the 2025/26 season, not just due to increased output but also weaker demand, which remains slow to recover after previous price spikes. However, structural issues in West Africa still pose risks, suggesting that optimism should be cautious.

 

Cocoa Market Report for August 2025

Abidjan, 17 September 2025 – The International Cocoa Organization releases the Cocoa Market Report for August 2025. The current report highlights the following insights:

  • During August 2025, prices of cocoa futures contracts experienced a rally in the first half of the month before reversing course in the latter half.
  • The gains were driven by persistent structural and quality concerns affecting the 2024/25 mid-crop. It was also compounded by fears over inadequate weather conditions in July 2025 and their potential impact on crop survival for the upcoming 2025/26 season.
  • However, in the latter half of the month, prices retreated amid subdued global demand and cautious optimism regarding the 2025/26 main crop. These factors contributed to a softening in market sentiment, reversing earlier price gains.

Caution should be exercised in the interpretation of the following steps as they are just guidelines.

 

August 2025 Quarterly Bulletin of Cocoa Statistics

Abidjan, 29 August 2025 – The International Cocoa Organization today releases Issue No. 3 – Volume LI of the Quarterly Bulletin of Cocoa Statistics, for the 2024/25 cocoa year. This issue reflects the most recent information available to the Secretariat as of early August 2025.

In light of an ongoing review of its estimation and long-term methodologies, the Secretariat has temporarily withheld production and grindings data for the 2024/25 season.

However, data for the 2023/24 season remain unchanged from the previous Bulletin:

  • World Gross Production declined by 12.9% year-on-year to 4.368 million tonnes.
  • World Grindings fell by 4.8% to 4.818 million tonnes.
  • The global supply deficit widened to 494 thousand tonnes.
  • End-of-season stocks dropped by 28% to 1.270 million tonnes, reducing the stocks-to-grindings ratio to 26.4%.

The Bulletin also reviews cocoa bean price trends for the April–June 2025 quarter. While prices have eased from historic highs, they remain elevated due to persistent supply constraints, notably those linked to unpredictable weather conditions. The Secretariat cautions that any adverse climatic developments could further impact supply and pricing.

On the trade front, global exports of cocoa beans and semi-finished products (measured in bean equivalents) reached 2.25 million tonnes between January and March 2025 – an increase of nearly 6% compared to the same period in the previous season.

This issue also includes trade statistics by country and region, covering crop years 2021/22 to 2023/24 and quarterly data from July–September 2023 to January–March 2025. Details of origin of imports and destination of exports for leading cocoa importing 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

Cocoa Market Report for July 2025

Abidjan, 15 August 2025 – The International Cocoa Organization releases the Cocoa Market Report for July 2025. The current report highlights the following insights:

  • The first half of July 2025 was characterized by a notable downward trend in cocoa futures prices. This decline was largely driven by reports of improved crop for the 2025/26 season and expectations of weakening demand.
  • From mid-July onward, cocoa prices reversed course and began climbing, spurred by reports of unsettled weather in Cote d’Ivoire.
  • Weather remains a key variable for the upcoming main crop.

Caution should be exercised in the interpretation of the following steps as they are just guidelines.