Mrs Assouan Acquah from Cote d’Ivoire has been confirmed as Co-Chair of the Working Group on the Roundtable for a Sustainable Cocoa Economy (RSCE).
Mr. Simon M. Schnetzer from Berlin, Germany, will start work on 20 May 2008 as Coordinator for the RSCE. His CV is as follows:
Academic Background
2005- Master of Science in Economics, University of Konstanz, Germany
Work Experience
2006- Capacity Building International (InWEnt), Germany – planning and managing capacity building projects on trade and fiscal politics in Latin America, East Africa and Middle East.
2005- Private Development Group, Tanzania – consultancy in waste management.
2005- International Centre for Insect Physiology and Ecology (ICIPE), Kenya – consultancy on trade and environment.
2005- German Technical Cooperation (GTZ), Tanzania and Kenya – consultancy for agricultural trade project.
Language and Computer Skills
English, Spanish, French
MS Office and Statistical software (Stata and Eviews)
The First meeting of the Working Group for the Roundtable on a Sustainable Cocoa Economy (RSCE) was held on 6 March 2008. At this meeting, Mr Tony Lass MBE was appointed as a Co-Chairman from the consuming countries. Representatives from producing countries will conduct further consultations before appointing their Co-Chairman and will inform the Secretariat as soon as possible.
Members of the Working Group agreed that the official title of the initiative would be Roundtable for a Sustainable Cocoa Economy (RSCE). The title could be translated in all languages. However, the acronym would remain “RSCE” in all languages. The suggested translations into French and Spanish are: “Table Ronde pour une Economie Cacaoyère Durable” (French) and “Mesa Redonda sobre una Economía Cacotera Sostenible” (Spanish).
Members further agreed on the objectives for the next RSCE meeting as follows:
Overarching Objective:
- Continue the informed dialogue from the Accra meeting of October 2007 among stakeholders involved in the world cocoa economy: producer alliances, companies, NGOs, scientists, unions and governments etc. Consider the ways and means to enhance sustainability in the cocoa sector worldwide, building upon the Accra Agenda;
Specific Objectives for this RSCE meeting (RSCE2):
- Identify the principles underlying the Accra Agenda, taking into account the three pillars of sustainable development (environmental, economic and social);
- Encourage the (further) development of standards for sustainable cocoa, by starting a process of consultations and dialogue (in meetings and through the web) on the establishment of standards; prepare draft standards (in certain cases) if that is broadly supported;
- Identify the ways and means of delivering traceability and monitoring of the cocoa chain, from production through trade/processing to consumption;
- Develop standards for best supply chain practice and promote their implementation, taking account of the special needs of smallholders;
- Consider the role of certification for cocoa and the similarities/differences of existing and newly developed mechanisms of certification, again taking into account the responsibilities of different stakeholders;
- Exchange views on existing programmes towards the implementation of core labour standards; and
- Be a platform for initiatives promoting sustainability in cocoa.
To find out more on the
- background
- way forward and
- recent developments
Cocoa Market Report for October 2024November 14, 2024 - 9:11 am
VACANCY NOTICE – ECONOMISTNovember 1, 2024 - 7:27 pm
Cocoa Market Report for September 2024October 21, 2024 - 7:11 pm
Monthly Review of the Cocoa Market Situation, March 2008
The current review of the cocoa market situation reports on price movements on the international markets during the month of March 2008. Chart I illustrates price movements on the London (LIFFE) and New York (ICE Futures U.S.) markets in March.
Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from January to March 2008. Chart III depicts the link between New York futures prices and the exchange rate of the U.S. dollar against the Pound Sterling in March. Chart IV illustrates the arbitrage spread between the New York and London futures markets. Finally, Chart V shows the recent development in the monthly average of the ICCO daily prices volatility.
Monthly Review of the Cocoa Market Situation, April 2008
The current review of the cocoa market situation reports on price movements on the international markets during the month of April 2008. Chart I illustrates price movements on the London (LIFFE) and New York (ICE Futures U.S.) markets in April.
Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from February to April 2008. Chart III depicts the link between the ICCO daily prices and the Reuters-CRB Index. Finally, Chart IV shows the recent development in the volatility of cocoa and coffee prices.
What’s NEW on the Roundtable for Sustainable Cocoa Economy (RSCE)
Mrs Assouan Acquah from Cote d’Ivoire has been confirmed as Co-Chair of the Working Group on the Roundtable for a Sustainable Cocoa Economy (RSCE).
Mr. Simon M. Schnetzer from Berlin, Germany, will start work on 20 May 2008 as Coordinator for the RSCE. His CV is as follows:
Academic Background
2005- Master of Science in Economics, University of Konstanz, Germany
Work Experience
2006- Capacity Building International (InWEnt), Germany – planning and managing capacity building projects on trade and fiscal politics in Latin America, East Africa and Middle East.
2005- Private Development Group, Tanzania – consultancy in waste management.
2005- International Centre for Insect Physiology and Ecology (ICIPE), Kenya – consultancy on trade and environment.
2005- German Technical Cooperation (GTZ), Tanzania and Kenya – consultancy for agricultural trade project.
Language and Computer Skills
English, Spanish, French
MS Office and Statistical software (Stata and Eviews)
The First meeting of the Working Group for the Roundtable on a Sustainable Cocoa Economy (RSCE) was held on 6 March 2008. At this meeting, Mr Tony Lass MBE was appointed as a Co-Chairman from the consuming countries. Representatives from producing countries will conduct further consultations before appointing their Co-Chairman and will inform the Secretariat as soon as possible.
Members of the Working Group agreed that the official title of the initiative would be Roundtable for a Sustainable Cocoa Economy (RSCE). The title could be translated in all languages. However, the acronym would remain “RSCE” in all languages. The suggested translations into French and Spanish are: “Table Ronde pour une Economie Cacaoyère Durable” (French) and “Mesa Redonda sobre una Economía Cacotera Sostenible” (Spanish).
Members further agreed on the objectives for the next RSCE meeting as follows:
Overarching Objective:
Specific Objectives for this RSCE meeting (RSCE2):
To find out more on the
Monthly Review of the Cocoa Market Situation, February 2008
The current review of the cocoa market situation reports on price movements on the international markets during the month of February 2008. Chart I illustrates price movements on the London (LIFFE) and New York (ICE Futures U.S.) markets in February.
Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from December 2007 to February 2008. Chart III illustrates the arbitrage spread between the New York and London futures markets.
February 2008 Quarterly Bulletin of Cocoa Statistics
The International Cocoa Organization today releases its first forecasts for 2007/08 and revised estimates for the 2006/2007 cocoa year of world production, grindings and stocks of cocoa beans, summarized below. The data published in issue No. 1 – 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 February 2008.
Summary of forecasts and revised estimates:
Notes:
a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXIII – No. 4 – Cocoa year 2006/07
b/ Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals and differences may differ due to rounding.
This issue of the Bulletin contains the Secretariat’s first 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 the colour charts. In addition, it includes a review of price developments on international markets for cocoa beans during the October – December quarter of 2007.
Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition covers annual data from 2003/04 to 2005/06 and quarterly statistics for the period from October-December 2005 to April-June 2007. 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 region, for the period 1997/98 to 2005/06, are presented for reference.
Copies of the Quarterly Bulletin of Cocoa Statistics, including Microsoft Excel files and Adobe PDF format for Windows operating system 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
Round Table on Sustainable Cocoa (RTSC), follow up to the Accra meeting
At its 31st Special Session, the International Cocoa Council approved the establishment of an independent Working Group on Sustainable Cocoa, facilitated by the ICCO Secretariat. The Working Group will consist of governments of producing and consuming countries, the European Commission, selected NGOs and trade and industry associations, the ICCO Spokespersons for Producers and Consumers and the Chairman of the ICCO Consultative Board on the World Cocoa Economy.
The Executive Director will attend the meetings of the Working Group as an observer. The main task of the Working Group is to prepare the next meeting of the Round Table.
Trinidad & Tobago has informally extended an offer to host the next meeting of the Round Table on Sustainable Cocoa (RTSC).
The first meeting of the Working Group is scheduled to take place on 6 March at the ICCO Headquarters in London.
The Accra Agenda ( English / French / Spanish )
RTSC Working Group: 1st Meeting Agenda
For further information please use the Search function or go to the Archive of News and related documents.
Ad hoc Panel on Fine or Flavour Cocoa
An Ad hoc Panel of experts on fine or flavour cocoa met on 18 January 2008 in London to review Annex “C” of the International Cocoa Agreement, 2001. This Annex provides an overview of the producing countries that are recognized as exporting either exclusively or partially fine or flavour cocoa. The list of countries exporting fine or flavour cocoa was last reviewed by the International Cocoa Council at its 71st regular session in March 2005.
The meeting of the Panel, chaired by Mr. Edward Seguine of Guittard Chocolate Company, consisted of two parts. In the first part, the main countries concerned – Ecuador, the Dominican Republic, Papua New Guinea and Trinidad & Tobago – presented their cases to the Panel. The second part of the meeting was devoted to an intensive discussion by the Panel on the situation in each of the countries under consideration.
The most important recommendations made by the Panel were:
1 – For the first time, the Dominican Republic was recognized as a fine or flavour cocoa producing country, with a recommended share of 40% of fine or flavour cocoa exports.
2 – Following a decrease to 25% in 2005, Papua New Guinea’s share was reinstated to 75% of fine or flavour cocoa exports, the same level as in 1993.
3 – Ecuador maintained its 75% share of fine or flavour cocoa exports.
4 – Trinidad & Tobago also maintained its 100% share of fine or flavour cocoa exports.
The Panel recommended that a further review of Annex “C” of the International Cocoa Agreement, 2001 should take place in January 2009.
The International Cocoa council will decide on the recommendations made by the Panel at its 77th regular session in may 2008 (see related document).
Meetings of the International Cocoa Council and subsidiary bodies. London 15-18 January, 2008
At its 31st Special Session, the International Cocoa Council, chaired by Ms. Irina Medvedeva, took five important decisions on the future of the Organization related to the extension of the International Cocoa Agreement 2001, the extension of the mandate of the Executive Director, the establishment of a Working Group for the negotiation of a future International Cocoa Agreement, the extension of the lease of the offices of the Secretariat in London and relocation (more information will follow on this website).
Members of the Executive Committee deliberated on personnel, administrative, projects and budgetary matters. The next ICCO meetings will take place in Berlin from 26-30 May 2008. During the meetings, the German delegates informed members of details and logistics for the May meetings.
The Expert Group on Stocks thanked the Secretariat for presenting the results of the annual ICCO survey of cocoa beans stocks in warehouses and the assessment of the level of world stocks of cocoa beans as at 30 September 2007. Ms. Pamela Thornton (CMAA) made a presentation on data on warehouse stocks and Mr. Robin Dand (LIFFE) on the development of the new LIFFE Guardian commodity management system.
The ICCO Consultative Board on the World Cocoa Economy met on 14 January 2008 and discussed several issues, including the outcome and the follow-up of the Round Table in Accra, the use of cocoa butter substitutes, optimal export taxes, and best known practices in cocoa production.
A Panel of experts on Fine and Flavour Cocoa, chaired by Mr. Edward Seguine of Guittard Chocolate , took place on 17 January 2008 to review the Annex “C” of the International Cocoa Agreement, 2001 (more information will follow on this website).
Monthly Review of the Cocoa Market Situation, December 2007
The current review reports on price movements on the international markets for the month of December 2007. Chart I illustrates price movements on the London (LIFFE) and New York (ICE Futures U.S.) markets.
Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from October to December 2007. Chart III illustrates the link between New York futures prices and the exchange rate of the U.S. dollar against the Pound Sterling. Chart IV shows the end-of-month stocks in licensed warehouses in the United States and the arbitrage spread between the LIFFE and ICE futures markets.
Monthly Review of the Cocoa Market Situation, November 2007
The current review reports on price movements on the international markets for the month of November 2007. Chart I shows the evolution of the ICCO daily prices in November, in US dollars and SDRs.
Chart II illustrates price movements on the London and New York markets as well as the ICCO daily prices from September to November 2007. Chart III illustrates the link between New York futures prices and the exchange rate of the US dollar against the pound sterling. Chart IV shows end-of-month stocks in licensed warehouse in the US and the arbitrage spread between the LIFFE and ICE futures markets.