Archive for category: Latest News

Abidjan, 19 May 2021 – The International Cocoa Organization today releases the Cocoa Market Report for April 2021. The current report highlights the following key facts:

• Compared to the beginning of the 2020/21 cocoa year, prices of the front-month cocoa futures contract on the London and New York markets waned by 4% and 7% respectively as at end of April 2021.
• Exchange certified stocks increased by 22% in Europe while a 13% rise was recorded in certified stocks in the United States, due to April grading operations.
• Origin differentials started to fall again following their short-lived improvement observed during the preceding month.
• Cocoa production levels in Côte d’Ivoire and Ghana remained higher than in the previous cocoa year.
• Unlike in Europe, grindings data for the first quarter of 2021 showed a year-on-year increase in North America and
  Southeast Asia.

You can download the complete report from our Statistics section

 

Abidjan, 18 March 2021 – The International Cocoa Organization today releases the Cocoa Market Report for February 2021. The current report contains:

• a review of cocoa futures prices developments,
• an outline of gradings activities and variations in cocoa beans stocks located in exchange licensed warehouses,
• trends in origin differentials for selected countries,
• an assessment of cocoa butter and powder price movements and,
• a brief on cocoa production and grindings.

You can download the complete report from our Statistics section

 

Abidjan, 26 February 2021 – The International Cocoa Organization today releases its first forecasts for the 2020/21 cocoa year and revised estimates of world production, grindings, and stocks of cocoa beans for the 2019/20 cocoa year. The data published in Issue No. 1 – Volume XLVII – Cocoa Year 2020/21 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of February 2021.

This issue of the Bulletin contains the Secretariat’s first forecasts for the 2020/21 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 market are illustrated in colour charts, maps, and Sankey diagrams. In addition, the Bulletin includes comments on the crop and demand developments in the leading countries, a review of price movements on international markets for cocoa beans during the October-December quarter of 2020 and the evolution of trade flow data estimated for major cocoa exporting and importing countries during the 2019/20 season.

Summary of forecasts and revised estimates

 

Cocoa year  (Oct-Sept)	2019/20		2020/21	Year-on-year change
	Previous estimates a/	Revised estimates	Forecasts
	(thousand tonnes)				(Per cent)
World gross production	4 697	4 726	4 843	+ 117	+ 2.5%
World grindings	4 631	4 669	4 693	+ 24	+ 0.5%
Surplus/deficit   b/	+ 19	+ 10	+ 102
End-of-season stocks	1 741	1 730	1 832	+ 102	– 5.9%
Stocks/Grindings ratio	37.6%	37.1%	39.0%

Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLVI – No. 4 – 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.

Statistical information on trade in cocoa beans, cocoa products, and chocolate, by country and by region, published in the Annex of this edition, covers annual data from 2017/18 to 2019/20 and quarterly statistics for the period January-March 2019 to July-September 2020. Details of origin of imports and destination of exports for leading cocoa importing countries are also provided. Historical statistics on cocoa trade by country and by region, for the period 2011/12 to 2019/20 are presented for reference.

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

Abidjan, Côte d’Ivoire, 25 January 2021. The International Cocoa Organization (ICCO) in partnership with the French institution Agricultural Research Centre for International Development (CIRAD) is pleased to announce that the second edition of the International Symposium on Cocoa Research will be taking place on 27-28-29 September 2021 in Montpellier, France.

The International Cocoa Research Symposium is becoming a well-established event in the sector, having previously attracted over 500 participants, not only from the scientific community, but also from the entire cocoa value chain, making it a must-attend event for anyone concerned about the future of cocoa.

The Symposium represents a unique opportunity for participants to interact with cocoa industry leaders and high-level speakers, who will present their latest studies and point the way forward for the cocoa sector. The main theme of this edition of the symposium is “Innovations to Support Market Development and Promote Sustainability in Cocoa Farming to Improve Farmers’ Incomes“.

In order to facilitate the reception of papers and presentations, as well as the registration to attend the event, the organization has published the website www.iscrsymposium.org from which all the information related to the event, the different thematic areas, as well as the conditions and requirements to send the papers can be consulted. The period for submission of papers is open until March 20th, 2021.

For all those who wish to attend the event, which will comply with the strictest measures in terms of prevention of COVID, there are reduced rates until April 30, 2021. Additionally, there are a number of discounts applicable to students and organizations from ICCO Member and non ICCO Member countries.

Press accreditations to attend the event can be requested by emailing events@icco.org or congrescacao2021@cirad.fr

If you want to know more about our latest symposium, please click here

Abidjan, 16 Decembre 2020.  The International Cocoa Organization (ICCO) hereby issues a call for expressions of interest for the appointment of an external auditing firm.

The specific services envisaged under this tender are as follows:

• To produce an annual audit report certifying the accounts for the period from 1 October 2020 to 30 September 2021;
• Eventually, to produce annual audit reports for the 2021/2022 and 2022/2023 financial years.

The ICCO invites interested firms to submit applications for the provision of the services indicated above. Click on the below links for the terms of reference for this tender.

Eligibility criteria, the drawing up of a shortlist and the selection procedure implemented will be in accordance with current ICCO practices in terms of both the suitability of candidates and the range of countries from which such firms may apply.

Any applications not meeting the following requirements will be declared null and void: five (5) copies of the application must be placed in sealed envelopes, which must in turn be placed within a further envelope addressed as follows:

To the Executive Director, International Cocoa Organization

“AUDITING OF ACCOUNTS”

Each application will comprise four (4) separate sections:

1. A letter of application addressed to the Executive Director of the International Cocoa Organization;
2. Administrative data, including the details of the firm (company name, company address, telephone and fax numbers, e-mail address, name and address of the person in charge, field of activity, legal status) and administrative documents confirming the firm’s legal existence (entry in Companies Register, registration of identity for tax purposes [for companies which have been active for less than 18 months], and certificate showing full compliance with fiscal requirements);
3. Technical data, including information relating to skills and experience of the team in charge of the audit of the ICCO, showing that the firm’s staff are fully qualified to provide the services required (documents, references from organizations to which similar services are or have been provided, experience in comparable appointments, availability of qualified staff, etc.);
4. An indication of the total fees to be charged for the services provided (in Euros or in CFA Francs).

Applications should be delivered by hand, with no payment of application fees, to the Office of the Executive Director, at the ICCO headquarters whose address is indicated below, no later than Friday 05 February 2021 at 14:00 GMT.

Organisation Internationale du Cacao.

À l’attention de : Monsieur le Directeur Exécutif

Immeuble ICCO, 2-Plateaux Vallon-ENA, Avenue Boga Doudou

06 BP 1166 ABIDJAN 06, Côte d’Ivoire

Applications and any request for further information may also be sent to the following e-mail address: auditandrevision@icco.org

The name of the successful firm will be published in May 2021, following approval of the appointment by the International Cocoa Council.

 

TERMS OF REFERENCE (PDF) – ENGLISH

CLARIFICATION ON HOW TO SUBMIT YOUR OFFER – ENGLISH | FRENCH

OTHER DOCUMENTS

SP PROJECT 18-19 FINANCIAL STATEMENTS

RELOCATION 18-19 FINANCIAL STATEMENTS

PROVIDENT FUND 18-19 FINANCIAL STATEMENTS

PROJECT 18-19 FINANCIAL STATEMENTS

ADM 18-19 FINANCIAL STATEMENTS