The International Cocoa Organization today releases its revised forecasts for the current 2007/08 cocoa year of world production, grindings and stocks of cocoa beans, summarized below. The data published in issue No. 2 – Volume XXXIV – Cocoa year 2007/08 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of May 2008.
Summary of revised forecasts and estimates
| Cocoa year (Oct-Sep) |
2006/07 |
2007/2008 |
Year-on-year change |
|
Revised estimates |
Previous forecasts a/ |
Revised Forecasts |
|
|
(thousand tonnes) |
|
(Per cent) |
| World production |
3 370 |
3 713 |
3 740 |
+ 370 |
+ 11.0% |
| World grindings |
3 637 |
3 727 |
3 744 |
+ 107 |
+ 2.9% |
| Surplus/deficit b/ |
– 301 |
– 51 |
– 41 |
|
|
|
|
|
|
|
|
| End-of-season stocks |
1 574 |
1 536 |
1 533 |
-41 |
-2.6% |
| Stocks/Grindings ratio |
43.3% |
41.2% |
40.9% |
|
|
Notes:
a/ Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXIV – No. 1 – Cocoa year 2007/08
b/ Surplus/deficit: net world crop (gross crop adjusted loss in weight) minus grindings
Totals and differences may differ due to rounding.
This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2007/08 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, it 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 2008.
Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2004/05 to 2006/07 and quarterly statistics for the period January-March 2006 to July-September 2007. 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 region, for the period 1998/99 to 2006/07, are presented for reference.
Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format can be ordered from ICCO Secretariat at the address below:
International Cocoa Organization
Commonwealth House
1-19 New Oxford Street
London WC1A 1NU
Tel: +44 (0)20 7400 5050
Fax: +44 (0)20 7421 5500
E-mail: info@icco.org
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Meeting of the Working Group for a Future International Cocoa Agreement, 11-15 January 2010
The meeting of the Working Group for a future International Cocoa Agreement will take place in London from 11-15 January 2010, at the ICCO headquarters, Commonwealth House, 1-19 New Oxford Street, London WC1A 1NU. This meeting will be chaired by Dr Victor Iyama from Nigeria
Monday 11 January 2010
09.30-11.00 hrs Working Group for a future International Cocoa Agreement
11.00-11.15 hrs Cocoa Break
11.15-13.00 hrs Working Group for a future International Cocoa Agreement
15.00-16.15 hrs Group meetings
16.15-16.30 hrs Cocoa Break
16.30-18.00 hrs Working Group for a future International Cocoa Agreement
Tuesday 12 January 2010
09.00-11.00 hrs Working Group for a future International Cocoa Agreement
11.00-11.15 hrs Cocoa Break
11.15-13.00 hrs Working Group for a future International Cocoa Agreement
15.00-16.15 hrs Group meetings
16.15-16.30 hrs Cocoa Break
16.30-18.00 hrs Working Group for a future International Cocoa Agreement
Wednesday 13 January 2010
09.00-11.00 hrs Working Group for a future International Cocoa Agreement
11.00-11.15 hrs Cocoa Break
11.15-13.00 hrs Working Group for a future International Cocoa Agreement
15.00-16.15 hrs Group meetings
16.15-16.30 hrs Cocoa Break
16.30-17.30 hrs Working Group for a future International Cocoa Agreement
Thursday, 14 January 2010
09.00-11.00 hrs Working Group for a future International Cocoa Agreement
11.00-11.15 hrs Cocoa Break
11.15-13.00 hrs Working Group for a future International Cocoa Agreement
15.00-16.30 hrs Group meetings
16.30-16.45 hrs Cocoa Break
16.45-18.00 hrs Working Group for a future International Cocoa Agreement
Friday, 15 January 2010
09.00-11.00 hrs Working Group for a future International Cocoa Agreement
11.00-11.15 hrs Cocoa Break
11.15-13.00 hrs Working Group for a future International Cocoa Agreement
15.00-16.30 hrs Group meetings
16.30-16.45 hrs Cocoa Break
16.45-18.00 hrs Working Group for a future International Cocoa Agreement
Meetings of the International Cocoa Council and its subsidiary bodies, Yaounde, Cameroon, 22-26 March 2010
The meetings of the International Cocoa Council, the Consultative Board on the World Cocoa Economy, the Executive Committee and the Working Group for a future International Cocoa Agreement will take place in Yaounde, Cameroon, 22-26 March 2010
Capacity building programme on pesticides residues and other harmful substances in cocoa in Africa
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Brief Description
The methodology used for the review was the administration of structured questionnaires to establish the current situation regarding SPS in the participating countries. This was followed by the visit of a consultant to the countries to discuss with the various stakeholders on the measures for improving SPS practices. A workshop was organized in Douala, Cameroon to discuss and finalize the proposed project on building capacity for effective SPS practices in the participating countries.
Project Objectives
The objective of the project was to review the existing Sanitary and Phytosanitary Standards (SPS) practices along the cocoa supply chain and to establish the capacity of cocoa producing countries in Africa to meet the food safety regulations of cocoa consuming countries. This would help to identify areas of weaknesses for improvement and to develop a project proposal to assist the countries concerned to comply with the food safety requirements of importing countries, thus ensuring a continued market access for cocoa export.
Project Results
The review identified three major areas to be addressed immediately to enhance the capacity of cocoa producing countries to meet international standards. These were quantification of the levels of risk from contaminants affecting the cocoa supply chain; provision of specific information on pesticide science, at all levels in producing countries; and infrastructure to monitor and enforce SPS standards.
A project proposal on “SPS Capacity Building in Africa to Mitigate the Harmful Effects of Pesticide Residues in Cocoa and to Maintain Market Access” was developed and submitted to potential donors for financing.
Click here to download the Project ReportCocoa of excellence: promoting diverse high quality cocoa origins
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Brief Description
The main project activities were: identification and acquisition of samples of promising cocoa origins; cocoa liquor, chocolate production and sample evaluation; cocoa flavour diversity celebration and attribution of awards at the Salon du Chocolat in Paris; and establishment of a global “Cocoa of Excellence) platform and dissemination of project results.
Project Objectives
The main objective of the project is to contribute towards greater diversification of cocoa markets through the identification of speciality cocoa origins with recognized or newly discovered flavour attributes. This will increase awareness along the cocoa supply chain of the diversity and complexity of cocoa flavours from diverse genetic and geographic sources.
Project Results
A total of 147 samples from 19 countries were received and analyzed out of which the Sensorial Technical Committee selected 50 samples with promising flavour attributes and processed into cocoa liquor. The liquor samples were subjected to sensorial evaluation by three international experts according to 12 flavour characteristics as well as global preference. These samples were processed into chocolate by chocolate manufacturers in line with agreed working procedures.
Chocolate prepared from the 50 samples of the cocoa liquor were evaluated by professionals for International Cocoa Award at the 2010 Salon du Chocolat in Paris, France. Three prizes were awarded for each of the four cocoa growing regions.
Click here to download the Project Completion Report (PCR)Feasbility study on opportunities in organic cocoa production in Africa
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Brief Description
The feasibility study involved the analysis of the cocoa value chain; assessment of the current status and the opportunities for organic cocoa export including cost-benefit analysis of organic production and certification; and development of action plan for supporting organic export in selected areas, with selected producer groups and other stakeholders.
Project Objectives
The objective of the project was to analyse the opportunities in organic cocoa production and to identify the best production areas, producer organization and support activities for organic cocoa production in Cameroon and Togo.
Project Results
The study established that the conversion from conventional cocoa (organic by default) to certified organic cocoa production was both feasible and financially viable in both countries, but under different conditions. In Cameroon, it was recommended to build upon existing multi-stakeholder partnerships, while in the case of Togo, there was a need to first strengthen the cocoa supply chain, and then build new partnerships. In addition, for Togo, a problem of availability of improved planting material was identified, while in both countries, the incidence of pests and diseases, which could require the use of pesticides, was seen as a major bottleneck. The study also demonstrated that the financial viability of organic cocoa production depended on a number of variables, such as the number of farmers involved, their yields, and their loyalty in selling their cocoa to their organizations.
Click here to download the Feasibility studyHost plant resistance for sustainable cocoa pod borer management
DURATION:
LOCATION:
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FINANCING COMMITED BY CFC:
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Brief Description
The main project activities were to obtain the physical and morphological traits of cocoa pods of selected clones that could contribute to resistance to CPB; determine the development, reproduction and survival of CPB of selected clones; to obtain information on the ovipositional preference of CPB in the laboratory and in the field; determine and evaluate the tolerance level of selected clones against CPB.
Project Objectives
The objectives of the project were to develop simple, reliable and quick screening protocols for the identification and selection of clones/hybrids tolerant to Cocoa Pod Borer (CPB); and to identify and select some clones tolerant to CPB.
Project Results
The physical and morphological traits of the pods of the six clones studied were obtained. This information was used for selecting clones for further evaluation on the antibiosis and preference components of resistance.
Information on the ovipositional preference of CPB of the selected clones was also obtained. Data on the egg laying preference of CPB was collected in both laboratory and field conditions. Data on CPB development, reproduction and survival of selected clones were obtained through caging the CPB and recording the eggs laid and the adult insects that emerged. Data on the Average Damage Severity Index (ADSI), which measures the CPB infestation in the pods of the clones, were determined on the selected clones.
Tolerant clones were identified through propagation, field planting and CPB assessments. A set of criteria/parameters to identify CPB tolerant clones was identified through data analysis, using statistical methods and packages.
Click here to download the Project Completion Report (PCR)Monthly Review of the Cocoa Market Situation, June 2008
The current review of the cocoa market situation reports on price movements on the international markets during the month of June 2008. Chart I illustrates price movements on the London (LIFFE) and New York (ICE Futures U.S.) markets in June.
Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from April to June 2008. Chart III depicts the link between the ICCO daily prices and the Dow Jones Commodity Index. Table I presents some price record levels reached by cocoa beans and the extent of the recent increase.
The RSCE has launched a new website
The Roundtable for a Sustainable Cocoa Economy (RSCE) has launched a new website for intensive and interactive dialogue on the challenges of sustainability to the cocoa economy and in preparation for the 2nd Roundtable Meeting (RSCE2), to take place in Trinidad & Tobago in March 2009.
All stakeholders in the world cocoa economy are invited to share their knowledge and experience and to express their views and ideas to achieve economic, social and environmental sustainability throughout the cocoa chain.
For further information and news on the RSCE please visit www.roundtablecocoa.org or click under the RSCE logo on the ICCO homepage.
Monthly Review of the Cocoa Market Situation, May 2008
The current review of the cocoa market situation reports on price movements on the international markets during the month of May 2008. Chart I illustrates price movements on the London (LIFFE) and New York (ICE Futures U.S.) markets in May.
Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from March to May 2008. Chart III depicts the link between the ICCO daily prices and the Dow Jones Commodity Index.
May 2008 Quarterly Bulletin of Cocoa Statistics
The International Cocoa Organization today releases its revised forecasts for the current 2007/08 cocoa year of world production, grindings and stocks of cocoa beans, summarized below. The data published in issue No. 2 – Volume XXXIV – Cocoa year 2007/08 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of May 2008.
Summary of revised forecasts and estimates
Notes:
a/ Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXIV – No. 1 – Cocoa year 2007/08
b/ Surplus/deficit: net world crop (gross crop adjusted loss in weight) minus grindings
Totals and differences may differ due to rounding.
This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2007/08 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, it 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 2008.
Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2004/05 to 2006/07 and quarterly statistics for the period January-March 2006 to July-September 2007. 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 region, for the period 1998/99 to 2006/07, are presented for reference.
Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format can be ordered from ICCO Secretariat at the address below:
International Cocoa Organization
Commonwealth House
1-19 New Oxford Street
London WC1A 1NU
Tel: +44 (0)20 7400 5050
Fax: +44 (0)20 7421 5500
E-mail: info@icco.org