ED(MEM) 1224 – Feedback on Study Related to New Organic Standards

 

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ED(MEM) 1223 – Feedback on Study Related to EU Regulation on Deforestation

 

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Revision of Annex “C” of the International Cocoa Agreement (ICA), 2010

Abidjan, 10 October 2023 – At its 108th Ordinary Session, the International Cocoa Council, following the recommendation of the ICCO Ad-hoc Panel on Fine Flavor Cocoa, held on June 13-14, 2023, has amended Annex C as shown in the table below. This “Annex C” replaces the previous version as amended by the Council at its 34th Special Session in December 2020.

 

Countries Share of total exports of the country classified as fine and flavour cocoa
Brazil 100%
Cameroun a/
Colombia 80%
Costa Rica 100%
Dominican Republic a/; b/
Ecuador 75%
El Salvador 100%
Ghana a/
Grenada 100%
Haiti 10%
Indonesia 10%
Jamaica 100%
Madagascar 100%
Malaysia a/
Nicaragua 80%
Papua New Guinea 80%
Peru 75%
Trinidad and Tobago 100%
Venezuela, Bolivarian Rep. of a/
Vietnam 80%

Notes:
a/ Fine or Flavour cocoa bean exports are present, but the Panel is not able at this time to evaluate and determine a percentage.
b/ The Dominican Republic will be invited to present its country dossier to the Panel at a later stage.

Cocoa Market Report for September 2023

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

  • A deficit of around 100,000 tonnes is currently estimated for the 2022/23 season which just ended.
  • Supply shortfall supported cocoa prices which in real terms surpassed the levels recorded during the 2021/22 season.
  • Cross-border flows of cocoa beans have been reported.  At present, however, it is not possible to assess the extent of this geographical arbitrage as the 2023.Q3 official trade statistics will become available in 2024.Q1.
  • The incidence of bean hoarding was reported due to expectations of a higher farm gate price for the 2023/24 season.
  • If farmers hoarded cocoa, does this really reflect that the volume of production for the just ended 2022/23 may be higher than actual arrivals and purchases for the season? As part of the 2022/23 crop will be tallied as inclusive of the 2023/24 harvest, the estimated deficit of 100,000 tonnes could be overestimated.

You can download the complete report by clicking here.

 

ED(MEM) 1222 – Revised Annex C October 2023

 

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ED(MEM) 1221 – Reviews WCC5 Programme & Brussels Declaration

 

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ED(MEM) 1220 – WCC5 Farmer Sponsorship

 

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Closing of the 108th ordinary session of the ICCO Council In Abidjan (Côte d’Ivoire)

Abidjan, Côte d’Ivoire, 6 October 2023. The International Cocoa Organization (ICCO) held the 108th session of its Council from October 2 to 6 in Abidjan, Côte d’Ivoire, under the chairmanship of Mr. Abel Fernandez of the Dominican Republic, during the same week as the Organization’s 50th anniversary celebration.

Throughout this meeting, held at the Palm Club Hotel in Abidjan in a 100% face-to-face meeting format for the first time after 3 years of remote participation, the Members of ICCO engaged in a productive exchange of views and made important contributions to analyze the latest developments in the global cocoa economy. Some of the key topics discussed during the week included:

  • Election of a new Chairman of the International Cocoa Council, Mr. Rafael Soriano, Ambassador of Spain to Côte d’Ivoire
  • Update on the next World Cocoa Conference to be held at The Square, Brussels, 21-24 April 2024.
  • Update on the latest developments of the world cocoa market.
  • Update of the Annex C (Fine Flavour Cocoa) of the International Cocoa Agreement, 2010

The next 109th International Cocoa Council will be held in April 2024 in Brussels, Belgium, following the celebration of the 5th edition of the World Cocoa Conference to be held from 21 to 24 April 2024.

For more info, please contact info@icco.org

ED(MEM) 1219 – WCC5 Free Tickets Allocation

 

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The International Cocoa Organization celebrates 50 years of commitment to sustainable cocoa and a living income for farmers

On 3 October 2023, the International Cocoa Organization (ICCO) celebrated its 50th anniversary at a ceremony held in Abidjan, Côte d’Ivoire, to mark half a century of commitment to sustainable growth in the cocoa sector and a living income for cocoa farmers worldwide.

The event, attended by over 1,000 guests, was graced by the presence of the President of the Republic of Côte d’Ivoire, His Excellency M. Alassane OUATTARA, and His Excellency M. Nana AKUFFO-ADDO, President of the Republic of Ghana.

Patrick ACHI, Prime Minister, Head of Government of Côte d’Ivoire, the Presidents of Institutions, Dr. Souleymane DIARRASSOUBA, Minister of Trade, Industry and SME Promotion, other Members of the Ivorian Government and the Director General of the Côte d’Ivoire Coffee-Cocoa Council also played an active part in this event.

Representatives of the ICCO’s 52 Member countries, the Diplomatic Corps, international organisations, civil society and the local and international private sector came together to voice their support for the Organization’s work.

Professor Chalmin of Paris Dauphine University gave a lecture entitled “The ICCO, the sustainability of the world cocoa economy and a living income for producers”.

This 50th anniversary celebration provided a chance not only to look back on the Organization’s achievements but also to reflect on the future challenges facing the cocoa sector.

Established in 1973 under the auspices of the United Nations Conference on Trade and Development, and operating through successive International Cocoa Agreements, the ICCO has played a major role in advocating the sustainability of the cocoa sector and a living income for producers.

Over the years, the Organization has become a reference centre and source of statistical information on the world cocoa economy, facilitating policy dialogue and international cooperation between its exporting and importing Members, as well as with private sector players.

Initially based in London, the International Cocoa Council – the Organization’s supreme decision-making body – voted in favour of relocating to Abidjan in 2017, at the invitation of the government of Côte d’Ivoire.

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