May 2014 Quarterly Bulletin of Cocoa Statistics

London 30 May 2014–The International Cocoa Organization today releases its revised forecasts for the current 2013/2014 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2012/2013, as summarized below. The data published in Issue No. 2 – Volume XL – Cocoa year 2013/2014 of the Quarterly Bulletin of Cocoa Statistics,reflect the most recent information available to the Secretariat as at the middle of May 2014.

Summary of revised forecasts and estimates

 

Cocoa year (Oct-Sep)	2012/2013	2013/2014		Year-on-year change
	Revised estimates	Previous Forecasts a/	Revised Forecasts
	(thousand tonnes)				(Per cent)
World production	3 929	4 104	4 162	+ 233	+ 5.9%
World grindings	4 083	4 178	4 195	+ 112	+ 2.7%
Surplus/deficit b/	–  193	–  115	– 75
End-of-season stocks	1 640	1 547	1 565	– 75	– 4.6%
Stocks/Grindings ratio	40.2%	37.0%	37.3%

Notes:
a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XL – No. 1 – Cocoa year 2013/2014
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 2013/2014 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 2014.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2010/2011 to 2012/2013 and quarterly statistics for the period January-March 2012 to July-September 2013.  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 2004/2005 to 2012/2013 are presented for reference.

Copies of the Quarterly Bulletin of Cocoa Statistics, including in Microsoft Excel files and in Adobe PDF format versions, 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, UK

Tel:              +44 (0)20 8991 6000
Fax:             +44 (0)20 8997 4372
E-mail:         registry@icco.org or info@icco.org