Abidjan, 16 January 2023 – The International Cocoa Organization releases the Cocoa Market Report for December 2022. The current report highlights the following insights:

• Halfway through the 2022/23 main crop, the crop output in the two top world cocoa producers i.e., Côte d’Ivoire and Ghana, is higher than the levels recorded during the corresponding period of the previous season
• Cocoa merchants and producers increased their net short positions on both sides of the Atlantic over October – December 2022
• At the approach of the expiration date of the DEC-22 contract, the London market was in a strong backwardation while the New York one was in contango

You can download the complete report by clicking here.

Abidjan, 30 November 2022 – The International Cocoa Organization today releases its revised estimates for the 2020/21 and 2021/22 cocoa years of world production, grindings, and stocks of cocoa beans, summarized below. The data published in Issue No. 4 – Volume XLVIII – Cocoa Year 2021/22 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of November 2022.

For this issue, several revisions have been made to the 2021/22 cocoa balance sheet. On the supply side, the production estimate has been adjusted downwards by 67,000 tonnes to 4.823 million tonnes, almost 1% lower than the estimate of 4.890 million tonnes presented in the previous Bulletin. A lower yield resulting from less conducive weather conditions and diseases in most of the major producing countries underlined the downward revisions.

On the demand side, compared to 5.071 million tonnes in the previous Bulletin, grindings have been adjusted higher by almost 10,000 tonnes to 5.081 million tonnes based on an increased use of beans as reflected in the trade of cocoa products. Notwithstanding the challenges of the global macroeconomy, global cocoa demand held up in 2021/22– from an estimate of 4.981 million tonnes in 2020/21 to 5.081 million tonnes in 2021/22, which reflects a 2% year-on-year increase.

Summary of forecasts and revised estimates

Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLVIII – No. 3 – Cocoa year 2021/2022
b/  Surplus/deficit: net world crop (gross crop adjusted for 1% 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 2018/19 to 2020/21 and quarterly statistics for the period October-December 2020 to April-June 2022. Details on destinations of exports and origins of imports for leading cocoa exporting countries are also provided.

Copies of the Quarterly Bulletin of Cocoa Statistics, in Microsoft Excel and Adobe PDF formats, can be ordered from the ICCO e-Shop: https://www.icco.org/categorie-produit/qbcs/ or by email: statistics.section@icco.org

Abidjan, 15 November 2022 – The International Cocoa Organization releases the Cocoa Market Report for October 2022. The current report highlights the following insights:

• In Côte d’Ivoire, the floods are reported to have restricted the transportation of cocoa beans from the farms to the ports and could be the reason for the year-on-year cocoa arrivals seen during the first few weeks of the 2022/23 season at the country’s ports of exports.
• In neighbouring Ghana, while no fresh data were available on the level of volumes of graded and sealed cocoa beans for the 2022/23 season, the situation is being closely monitored as the country recorded a drastic cut in production compared to last season.
• For the 2021/22 cocoa season, cocoa processing activities increased year-on-year in Europe and Southeast Asia, whereas they dropped in North America.
• During October 2022, cocoa futures prices were lower year-on-year on both sides of the Atlantic.

You can download the complete report by clicking here.