LONDON, UK – The ICCO Expert Working Group on Stocks (EWG-S) met today, Thursday 25 January 2024 to review the level of world cocoa bean stocks.
The EWG-S 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.
While the ICCO Secretariat maintains, so far, its supply deficit estimate of 99,000 tonnes for 2022/23 as published in its latest Quarterly Bulletin of Cocoa Statistics (QBCS), it may revise that figure in its next Bulletin due at the end of February 2023, taking into account the outcome of this survey.
Notes: Totals may differ from sum of constituents due to rounding
* It refers to stocks identified in the last three consecutive seasons
** The stocks of 2021 and 2022 have been kindly provided by the Cocoa Association of Asia. The 2023 stocks have been estimated by the EWG-S
*** This only includes estimates for the countries listed above
**** Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume XLIX, No. 4, Cocoa Year 2022/23.