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ABIDJAN, Côte d’Ivoire – The Icco Expert Working Group on Stocks (EWG-S) met on Thursday 23 January 2025 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 and aims to improve transparency in the cocoa market.
| LOCATION OF THE ESTIMATED AND IDENTIFIED COCOA BEAN STOCKS
(Thousand tonnes) |
30 September 2022 | 30 September 2023 | 30 September 2024 | |||
| Stocks in cocoa importing countries | 1,192 | 1,102 | 639 | |||
| Stocks in cocoa exporting countries | 201a | 123a | 111b | |||
| Stocks in South-East Asia | 223 | 223c | 112d | |||
| Manufacturers’ stocks | 90 | 97 | 96 | |||
| Cocoa beans in transit | 73 | 71 | 82 | |||
| Minimum estimated world cocoa bean stocks | 1,778 | 1,616 | 1,041 | |||
| Minimum estimated world stocks as a percentage of statistically-derived stocks | 97% | 91% | 80% | |||
| ICCO statistically-derived stockse | 1,842 | 1,778 | 1,300 | |||
Notes: Totals may differ from sum of constituents due to rounding
a/ Seven producing countries provided data
b/ Three producing countries provided data
c/ The EWG-S estimated the stocks data for 30 September 2023 for Southeast Asia;
d/ Data for September 2024 is reported by the Cocoa Association of Asia, but not all those invited to participate in the survey provided data
e/ Published in the Icco Quarterly Bulletin of Cocoa Statistics, Volume L, No. 4, Cocoa Year 2023/24
While the Icco Secretariat maintains, so far, its supply deficit estimate of 478,000 tonnes for 2023/24 as published in its latest QBCS, it may revise that figure in its next Bulletin due at the end of February 2025, taking into account the outcome of this survey.
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: https://www.icco.org/who-we-are/
