Latest News From The ICCO

The International Cocoa Council and subsidiary bodies, including the Consultative Board on the World Cocoa Economy and the Working Group on the review of the International Cocoa Agreement, 2010, as well as the Economics and Administration and Finance Committees, will meet at the Heden Golf Hotel, Abidjan, Côte d'Ivoire, 9 - 12 September 2019.

Provisional Timetable of Meetings, 9 - 12 September 2019, Abidjan, Côte d'Ivoire

ED(MEM) 1096

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Arrangements for the September 2019 meetings

ED(MEM) 1095

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International Cocoa Council: Draft Agenda

ICC-100-1

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Administration and Finance Committee: Draft Agenda

AF-17-1

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Economics Committee: Draft Agenda

EC-14-1

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Consultative Board on the World Cocoa Economy: Draft Agenda

CB-39-1

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Working Group on the review of the International Cocoa Agreement, 2010: Draft Agenda

WGA-19-1

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The Intercontinental Exchange (ICE) soft commodities team is organising a three-day certified cocoa grader course.

This specialised training, which begins on 4 November, is aimed at teaching the technical skills required to grade cocoa according to the ICE London Cocoa Contract requirements.

The course will take place at the ICE Grading Room facility in Basildon, London.



Please note that space on the course is limited to only eight places.

For more information, please click here or contact tel: +44 (0) 20 7065 7706; email: This email address is being protected from spambots. You need JavaScript enabled to view it..

Abidjan, 31 May 2019--The International Cocoa Organization today releases its revised forecasts for the current 2018/19 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2017/18, as summarized below. The data published in Issue No. 2 - Volume XLV - Cocoa year 2018/19 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of May 2019.

Summary of revised forecasts and estimates

Cocoa year
(Oct-Sep)
2017/2018 2018/2019 Year-on-year change
   Revised
estimates
Previous
Forecasts a/
Revised
Forecasts
 
  (thousand tonnes)   (Per cent)
World production 4 652
4 799
4 834
+ 182 + 3.9%
World grindings 4 596
4 712
4 750
+ 154 + 3.4%
Surplus/deficit b/    + 9
+ 39
+ 36
   
           
End-of-season stocks 1 723
1 773
1 759
 + 36 + 2.1%
Stocks/Grindings ratio 37.5% 37.6% 37.0%    

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLV - No. 1 - Cocoa year 2018/19
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 forecasts for the 2018/19 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 crop and demand prospects in the leading countries for the current season, and a review of price developments on international markets for cocoa beans during the January-March quarter of 2019.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2015/16 to 2017/2018 and quarterly statistics for the period January-March 2017 to July-September 2018. 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 2009/10 to 2017/2018 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
06 P.O. Box 1166
Abidjan 06
Côte d'Ivoire

Tel:              +225 22 51 49 50/51
Fax:             +225 22 51 49 79
E-mail:         This email address is being protected from spambots. You need JavaScript enabled to view it.

The International Cocoa Council, meeting in Abidjan, Côte d'Ivoire, on 12 April 2019 released the following communiqué:

THE INTERNATIONAL COCOA COUNCIL,
1. Acknowledging the contribution of the cocoa sector towards the achievement of the Sustainable Development Goals (SDGs); and taking into account the need to equally balance the economic, environmental and social pillars of the SDGs;

2. Considering that forests are indispensable for addressing the issue of climate change;

3. Considering that many ICCO exporting Members have in place national programs and policies aiming at fighting deforestation and favouring reforestation;

4. Noting that the agricultural sector is a major driver of deforestation and that the impact of cocoa is significant in certain deforestation hotspots;

5. Acknowledging that deforestation is a global issue that needs a global solution;

6. Taking note of the EU initiative on stepping up action against deforestation and forest degradation;

7. Considering that improvement in the revenues and the living conditions of cocoa farmers must be integrated in the policies aiming at fighting deforestation;

8. Recognising the importance of maintaining market access for cocoa exports to the European Union and sustainable consumption, and such initiatives shall not constitute a disguised restriction to international trade;

9. Considering that cocoa can actually play a key role in the process of forest restoration, given that cocoa’s growth environment favours agroforestry systems and the presence of shade trees;

10. Recalling that one recommendation of the Berlin Declaration is to end deforestation and promote forest protection and restoration;

11. Considering that one of the objectives of the International Cocoa Agreement (ICA), 2010 is to provide an appropriate framework for discussion on all cocoa matters among governments, and with the private sector as well as the civil society;

12. Further noting as per the terms of Article 43 of the International Cocoa Agreement (ICA), 2010, that Members shall make all necessary efforts to accomplish a sustainable cocoa economy;

13. After due consideration of the opinion of the Consultative Board on the World Cocoa Economy.


RESOLVES:
14. To task the ICCO Secretariat with taking all appropriate measures to establish a dialogue with the European Union and other ICCO importing Member countries, with the aim of setting up a platform enabling all relevant stakeholders within the world cocoa economy to join forces and scale up their common actions on the issue of deforestation;

15. To encourage ICCO Member countries to implement and contribute to enforce policies and practices that ensure environmental protection, including anti- deforestation and reforestation measures, soil protection, and agroforestry systems;

16. To encourage the European Union to strengthen its policy dialogue and cooperation with commodity-exporting countries by developing tailored approaches taking into consideration country-specific rural development challenges, such as forestry and rural land tenure legislations;

17. To remind the European Union that the cocoa ecosystem plays an important role in the reforestation of affected areas and to improve the natural equilibrium of its social and economic surroundings;

18. To strengthen the partnership with producing countries in order to support financially and technically the national policies and programs aiming at fighting deforestation;

 19. To work towards the improvement of farmers’ living conditions and productivity, as an avenue to reducing poverty in rural communities in the medium term, which will contribute to the efforts to tackle deforestation;

20. To encourage payments to producers for environmental services provided, within the framework of the fight against deforestation and actions towards reforestation;

21. To work with bilateral and multilateral partners as well as with its Members in order to mobilise financing for the implementation of policies and actions to protect forests and their rehabilitation.

The International Cocoa Council and subsidiary bodies, including the Consultative Board on the World Cocoa Economy, as well as the Economics and Administration and Finance Committees, will meet at the Heden Golf Hotel, Abidjan, Côte d'Ivoire, 8 - 11 April 2019.

Provisional Timetable of Meetings, 8 - 11 April 2019, Abidjan, Côte d'Ivoire

ED(MEM) 1082/Rev.1

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Arrangements for the April 2019 meetings

ED(MEM) 1081

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International Cocoa Council: Draft Agenda

ICC-99-1/Rev.1

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French

Spanish

Russian


Administration and Finance Committee: Draft Agenda

AF-15-1

English

French

Spanish

Russian


Economics Committee: Draft Agenda

EC-13-1/Rev.1

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French

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Russian


Consultative Board on the World Cocoa Economy: Draft Agenda

CB-38-1

English

French

Spanish

Russian

Abidjan, 28 February 2019--The International Cocoa Organization today released its first forecasts for the 2018/2019 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2017/2018, as summarized below. The data published in Issue No. 1 - Volume XLV - Cocoa year 2018/2019 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of February 2019.

Summary of forecasts and revised estimates

Cocoa year
(Oct-Sep)
2017/2018 2018/2019 Year-on-year change
   Previous estimates a/ Revised estimates Forecasts  
  (thousand tonnes)   (Per cent)
World production 4 638 4 649
4 799
+ 150  + 3.2%
World grindings 4 570 4 594
4 712
+ 118  + 2.6%
Surplus/deficit b/ + 22   + 9
+ 39
   
           
End-of-season stocks 1 748 1 734
1 773
  + 39 + 2.2%
Stocks/Grindings ratio 38.2% 37.7% 37.6%    

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLIII - No. 4 - Cocoa year 2017/2018
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 first forecasts for the 2018/2019 cocoa year, as well as data for the past four years of production and grindings of cocoa beans, detailed by country. In addition, the Bulletin includes comments on crop and demand prospects in the leading countries for the current season, the evolution of trade flow data estimated for major cocoa importing countries in Europe during the 2017/18 season and a review of price developments on international markets for cocoa beans during the October-December quarter of 2018. 

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2014/2015 to 2016/2017 and quarterly statistics for the period October-December 2016 to April-June 2018. Details of origin of imports and destination of exports for leading cocoa importing countries are also provided. Historical statistics on cocoa trade and consumption, by country and by region, for the period 2008/2009 to 2016/2017 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
06 P.O. Box 6891
Abidjan 06
Côte d'Ivoire

Tel:              +225 22 51 49 50/51
Fax:             +225 22 51 49 79
E-mail:         This email address is being protected from spambots. You need JavaScript enabled to view it.

London, 24 January 2019 - The ICCO Expert Working Group on Stocks (EWGS) met today, Thursday 24 January 2019 to review the level of world cocoa bean stocks. The EWGS 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 worldwide cocoa stocks. The survey has been conducted every year since 2000 and aims to improve transparency in the cocoa market.

Location of cocoa bean stocks 30 September 2017 30 September 2018

Difference

year-on-year

       
STOCKS IN COCOA IMPORTING COUNTRIES   1,241 1,125 -117
 Of which:      
Europe     744      664    -80 
Licensed US warehouse stocks     291    263  -28
       
STOCKS IN COCOA PRODUCING COUNTRIES     243    277   34
COCOA BEANS IN TRANSIT      87     79   -9

TOTAL ESTIMATED 

 

WORLD COCOA BEAN STOCKS  (ICCO Survey)

1,572 1,480 -91
Total world stocks (statiscally-derived) QBCS 1,726 1,748 22

 Totals and differences may differ due to rounding.

The result of the latest survey showed identifiable world cocoa bean stocks declined to 1.480 million tonnes as at the end of the 2017/18 cocoa year (30 September 2018). 76% of the stocks were located in cocoa importing countries, while 19% were held in cocoa producing countries and 5% were afloat as at 30 September 2018.

The level of world cocoa bean stocks identified by the ICCO survey was down by 91,000 tonnes compared to the previous year. This result differs from the statistically-derived estimate published by the ICCO in November 2018 in its latest Quarterly Bulletin of Cocoa Statistics (QBCS), which showed a small supply surplus of 22,000 tonnes for the 2017/18 cocoa season.

The EWGS now notes that a gap of 268,000 tonnes has developed between the annual survey of cocoa stocks held in warehouses worldwide and the ICCO’s statistically-derived stocks figure.

The review conducted by the EWGS during its meeting led to the conclusion that the survey results underestimate existing world stocks due to the expansion of stocks held in locations not reporting to the ICCO survey. The most significant area of unreported stock was identified as Asia. The ICCO Secretariat agreed to continue its efforts to increase transparency of stock levels in the region.

While the ICCO Secretariat maintains, so far, its supply surplus estimate of 22,000 tonnes for 2017/18 as published in its latest QBCS, it may revise that figure in its next Bulletin due at the end of February 2019, taking into account the outcome of this survey.

For more information, please contact Bérénice Bah, Editorial and Conference Officer, International Cocoa Organization, ICCO Building, II Plateaux ENA - Avenue Boga Doudou, Abidjan, Côte d'Ivoire; Tel: +225 22 51 49 50/51 | Fax: +225 22 51 49 79 | E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Abidjan, 30 November 2018--The International Cocoa Organization today releases its revised estimates, summarized below, of world production, grindings and stocks of cocoa beans for the 2017/2018 cocoa year. The data published in Issue No. 4 - Volume XLIV - Cocoa year 2017/2018 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of November 2018.

Summary of revised estimates

Cocoa year
(Oct-Sep)
2016/2017 2017/2018 Year-on-year change
   Revised
estimates
Previous
estimates a/
Revised
estimates
 
  (thousand tonnes)   (Per cent)
World production 4 740
4 645
4 638
- 102
- 2.2%
World grindings 4 397
4 568
4 570
+ 173
+ 3.9%
Surplus/deficit b/  + 296
   +31
   + 22
   
           
End-of-season stocks 1 726
1 757
1 748
+ 22
+ 1.3%
Stocks/Grindings ratio 39.3% 38.5% 38.2%    

Notes:
a/  Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLIV - No. 3 - Cocoa year 2017/2018
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 2017/2018 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 2017/2018 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 2014/2015 to 2016/2017 and quarterly statistics for the period July-September 2016 to January-March 2018. 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 2008/2009 to 2016/2017 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
, ICCO Building, II-Plateaux ENA - Avenue Boga Doudou, Abidjan, Côte d'Ivoire
. Tel: +225 22 51 49 50/51
; Fax: +225 22 51 49 79; 
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

Nigeria on 10 October 2018 acceded to the International Cocoa Agreement 2010, the United Nations Treaty Section has confirmed.

Click here to see the official notification of accession to the Agreement from the United Nations.

Abidjan, 4 October 2018 -- The Executive Director, Mr. Michel Arrion, on behalf of the International Cocoa Organization, has expressed sincere condolences to the Government and people of Indonesia, following the earthquake and tsunami that devastated parts of the island of Sulawesi in late September.

It appears as of this date that well over 1,500 people have been killed and many more injured, displaced or made homeless by the disaster. Besides the destruction and loss of life, it appears that infrastructure has been severely affected as well, where aid is most desperately needed.

The island of Sulawesi is the most important cocoa producing area in the country and many farmers could well be affected by the effects of the earthquake and tsunami.

The Organization would like to show its firm support to Indonesia, as an important Member country. The ICCO would also encourage all Member and Observer countries, as well as its partners in the cocoa and chocolate industry, to liaise with the Indonesian government in order to assist in any way possible.

Abidjan, 1 October 2018 — The International Cocoa Organization (ICCO), headquartered in Abidjan, Côte d’Ivoire, has announced the appointment of Mr. Michel Arrion as its new Executive Director.

A Belgian national, Mr. Arrion (pictured) is an EU civil servant who has served as Ambassador of the European Union in various African countries such as Nigeria, Rwanda and Côte d'Ivoire.

Mr. Arrion is looking forward to the opportunity to use his experience and knowledge of the cocoa sector to work with Producers and Consumers to surmount the challenges facing the sector.

Mr. Arrion was appointed by consensus at the late September meeting of the International Cocoa Council, the Organization’s governing body. He will serve a five-year term in the post.

The Organization is pleased to welcome Mr. Arrion and at the same time thank the outgoing Executive Director, Dr. Jean Marc Anga, for his service.

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ICCO Secretariat

Postal Address:
International Cocoa Organization
06 BP 1166 Abidjan 06
Côte d'Ivoire

Tel:  +225 22 51 49 50/51
Fax: +225 22 51 49 79
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

ICCO Agreements

The ICCO International Cocoa Agreement is available to download in Acrobat PDF format.

Go to the ICCO Agreements page

ICCO Membership Procedure

The procedures for becoming a member of the International Cocoa Organization are provided in Articles 52 to 57 of the International Cocoa Agreement, 2010.

How to Become an ICCO Member - International Cocoa Agreement 2010

General Information

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.