Abidjan, 11 February 2022 – The International Cocoa Organization today releases the Cocoa Market Report for January 2022. The current report highlights the following insights:

• Grindings data published by the main regional cocoa associations for the first quarter of the 2021/22 cocoa year signalled that cocoa demand for the season started on a strong note.
• Cocoa production in Côte d’Ivoire since the start of the 2021/22 cocoa year is reported to have overtaken last season’s level at 1.340 million tonnes as at 30 January, slightly up by 1.5% compared with the 1.320 million tonnes recorded at the same period of the 2020/21 season. On the contrary in Ghana, the latest available data on purchases of graded and sealed cocoa beans were lower year-on-year.
• During January 2022, prices of the front-month cocoa futures contract oscillated between US$2,238 and US$2,428 per tonne in London and averaged US$2,324 per tonne, slightly lower compared to the average price of US$2,343 per tonne for the nearby contract recorded at the same period of the 2020/21 cocoa year. In New York, the average price of the MAR-22 contract settled at US$2,547 per tonne, up from US$2,528 per tonne recorded in January 2021 and ranged between US$2,420 and US$2,663 per tonne.

You can download the complete report by clicking here.

Abidjan, 27 January 2022. The ICCO Expert Working Group on Stocks (EWGS) met today, Thursday 27 January 2022 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 cocoa bean stocks held in European warehouses as well as assess the level of global cocoa bean stocks. The survey is conducted every year (since 2000) and aims to improve transparency in the cocoa market.

Notes: Totals may differ from sum of constituents due to rounding

* Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume XLVII, No. 4, Cocoa Year 2020/21

** Do not include stocks data from South-East Asia

*** Do not include data from Brazil

The EWGS now notes that, compared to the revised gap of 397,000 tonnes for the 2019/20 cocoa year, the current assessment indicates that the gap between the estimated cocoa bean stocks worldwide and the ICCO’s statistically-derived stocks data has declined to 160,000 tonnes for the 2020/21 cocoa year. This reduction is partly due to the inclusion of stocks from South-East Asia in the current assessment. However, the non-availability of stocks from some important producing countries contributed to the current divergence.

While the ICCO Secretariat maintains, so far, its supply surplus estimate of 212,000 tonnes for 2020/21 as published in its latest QBCS, it may revise that figure in its next Bulletin due at the end of February 2022, taking into account the outcome of this survey.

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 22 51 49 50/51 | Fax: +225 22 51 49 79 | E-mail: Carlos.Follana@icco.org

Abidjan, Côte d’Ivoire, 08 December 2021. The International Cocoa Organization is honored to announce that, after a process that began in 2019, Colombia has joined the ICCO as a full Member country.

Yesterday on 7 December 2021, H.E. Mr Iván Duque, President of the Republic of Colombia, signed into law the bill for Colombia’s accession to the ICCO during an event attended by both representatives of the Colombian cocoa sector and a delegation from the ICCO, headed by its Executive Director, Mr Michel Arrion.

Colombia’s accession will expand the ICCO’s membership to 52 countries, with 23 exporting Member countries and 29 importing Member countries. Colombia will be the ninth Member country in the Latin America and Caribbean region, joining Brazil, Costa Rica, Ecuador, Nicaragua, Peru, Dominican Republic, Trinidad and Tobago and Venezuela.

Welcoming the news, the ICCO Executive Director Mr Michel Arrion said “We are pleased to welcome Colombia as the 52nd Member of the ICCO. Colombia’s membership is tangible proof of our shared commitment to achieve a more sustainable world cocoa economy through enhanced cooperation between exporting and importing countries”.

During its stay in Colombia, the ICCO delegation also had the opportunity to liaise with relevant Colombian associations, such as Fedecacao, which played a key role in the completion of this process, and with private sector representatives, and visited one of the main cocoa producing regions in the country.

About ICCO

The International Cocoa Organization (ICCO) is an inter-governmental organization established in 1973 under the auspices of the United Nations and operating within the framework of successive International Cocoa Agreements. The ICCO is headquartered in Abidjan, Côte d’Ivoire.

The Organization comprises 52 Member countries, of which 23 are cocoa exporting countries and 29 are cocoa importing countries. These Member countries together represent 92% of world cocoa exports and 80% of world cocoa imports (https://www.icco.org/who-we-are/membership/)

The ICCO seeks to promote and support the economic, social, and environmental sustainability of the cocoa value chain, and in particular to improve the living conditions of cocoa farmers. The Organization acts as a center for knowledge and innovation in the world cocoa economy; as a platform for institutional cooperation to foster dialogue among its Member countries and between key stakeholders in the cocoa value chain; and as a source of technical assistance for its Member countries.

For more information, please contact:           info@icco.org

Abidjan, 30 November 2021 – The International Cocoa Organization today releases its revised estimates for the 2019/20 and 2020/21 cocoa years of world production, grindings, and stocks of cocoa beans, summarized below. The data published in Issue No. 4 – 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 November 2021.

For this issue, several revisions have been made to the 2020/21 cocoa balance sheet. On the supply side, the production estimate has been adjusted up by 34,000 tonnes to 5.175 million tonnes, almost 1% above estimate provided in the previous Bulletin. A higher yield observed in most of the major producing countries underlined the upward revisions. Indeed, conducive weather conditions globally played a major role in setting a new production record.

On the demand side, grindings have been adjusted higher by almost 51,000 tonnes to 4.911 million tonnes based on increased use of beans as reflected in the trade of cocoa products. Notwithstanding the challenges of COVID-19, the opening of economies worldwide in 2021 has stimulated the overall recovery observed in the 2020/21 season’s grindings. Cocoa grindings in 2020/21 are heading towards pre-pandemic levels – from an estimate of 4.707 million tonnes in 2019/20 to 4.911 million tonnes in 2020/21, which reflects a 4% year-on-year increase.

Summary of revised estimates

Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLVII – No. 3 – Cocoa year 2020/2021
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 2017/18 to 2019/20 and quarterly statistics for the period October-December 2019 to April-June 2021. 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 new ICCO e-Shop: www.icco.org/shop or by email: statistics.section@icco.org