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ICCO Quarterly Bulletin sees global cocoa surplus of 10,000 tonnes in 2017/18

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ABIDJAN, Côte d’Ivoire – The International Cocoa Organization, or ICCO has released its revised forecasts for the current 2017/2018 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for 2016/2017, as summarized below.

The data published in Issue No. 2 – Volume XLIV – Cocoa year 2017/2018 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of May 2018.

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This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2017/2018 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, the Bulletin includes comments on crop and demand prospects in the leading countries for the current season, and a review of price developments on interna- tional markets for cocoa beans during the January-March quarter of 2018.

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Notes:

a/   Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. XLIV – No. 1 – Cocoa year 2017/2018
b/   Surplus/deficit: Net world crop (gross crop adjusted for loss in weight) minus grindings
Totals may differ due to rounding.

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