Tuesday 23 July 2024
  • La Cimbali

ICCO review the level of world cocoa bean stocks

The EWG-S is composed of experts in the cocoa field who meet, at the invitation of the ICCO, to review and analyse the results of the ICCO’s survey of cocoa bean stocks held in European warehouses as well as assess the level of global cocoa bean stocks. This is the first time a mid-term survey has been carried out

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LONDON – Following the recommendations of the International Cocoa Council made in April 2024, the ICCO Expert Working Group on Stocks (EWG-S) met on 19 June 2024 to review the level of world cocoa bean stocks as at 31 March 2024. The EWG-S is composed of experts in the cocoa field who meet, at the invitation of the ICCO, to review and analyse the results of the ICCO’s survey of cocoa bean stocks held in European warehouses as well as assess the level of global cocoa bean stocks. This is the first time a mid-term survey has been carried out.

Table 1 shows the volumes of identified cocoa stocks, in 1,000 tonnes, held in warehouses which have participated in both the September 2023 and March 2024 surveys.

Location Sep-23 Mar-24
Europe (36 warehouses) 668 665
ICE US 323 267
Côte d’Ivoire 67 110
Ghana 29 16
Total 1087 1058

 

Table 2 shows the volumes of identified cocoa stocks, in 1,000 tonnes, held in the warehouses which have provided data for March 2023, September 2023 and March 2024.

Location Mar-23 Sep-23 Mar-24
Europe (35 warehouses) 664 622 623
ICE US 345 323 267
Ghana 63 29 16
Total 1072 974 906

 

About ICCO

The International Cocoa Organization (ICCO) is an inter-governmental organization established in 1973 under the auspices of the United Nations and operating within the framework of successive International Cocoa Agreements. The ICCO is headquartered in Abidjan, Côte d’Ivoire.

The Organization comprises 51 Member countries, of which 22 are cocoa exporters and 29 are cocoa importers. For more info click here.

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