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Icco releases its revised forecasts for the current 2018/2019 cocoa year

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ABIDJAN, Côte d’Ivoire — The International Cocoa Organization has just released its revised forecasts for the current 2018/2019 cocoa year and revised estimates for 2017/2018 of world production, grindings and stocks of cocoa beans, summarized below.

The data published in Issue No. 3 – Volume XLV – Cocoa year 2018/2019 of the Quarterly Bulletin of Cocoa Statistics reflect the most recent information available to the Secretariat as at the beginning of August 2019.

Summary of revised forecasts and estimates

Notes:
a/ Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XLV – No. 2 – Cocoa year 2018/2019
b/ Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals may differ due to rounding.

This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2018/2019 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, it includes comments on crop and demand prospects in the leading countries for the current season, and a review of price developments on international markets for cocoa beans during the April-June quarter of 2019.

Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, published in this edition, covers annual data from 2015/2016 to 2017/2018 and quarterly statistics for the period July-September 2017 to January-March 2019.

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 by region, for the period 2009/2010 to 2017/2018 are presented for reference.