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Icco Quarterly Bulletin sees a new supply deficit for cocoa year 2019/20

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ABIDJAN, Côte d’Ivoire – The International Cocoa Organization (Icco) has released its first forecasts for the 2019/20 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2018/19 cocoa year. The data published in Issue No. 1 – Volume XLVI – Cocoa Year 2019/20 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of February 2020.

This issue of the Icco ‘s Bulletin contains the Secretariat’s first forecasts for the 2019/20 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 market are illustrated in colour charts.

In addition, the Bulletin includes comments on the crop and demand prospects in the leading countries for the current season, a review of price developments on international markets for cocoa beans during the October-December quarter of 2019 and the evolution of trade flow data estimated for major cocoa exporting and importing countries during the 2018/19 season.

Summary of Icco ‘s forecasts and revised estimates

Icco

Notes:

a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLV – No. 4 – Cocoa year 2018/19
b/ Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals may differ due to rounding.

Statistics information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers crop year data from 2016/17 to 2018/19 and quarterly statistics for the period January-March 2018 to July-September 2019.

Details of destination of exports and origin of imports for leading cocoa exporting and importing countries are also provided. Historical statistics on cocoa trade and consumption, by country and by region, for the period 2010/11 to 2018/19 are presented for reference.