Icco

The detrimental effect of unfavourable weather conditions is hitting global cocoa supplies. Pic: GettyImages

Commodities

ICCO predicts 11% drop in global cocoa output, after El Niño effect

By Anthony Myers

The El Niño weather phenomenon, which hit the west coast of Africa last year, carrying unseasonal heavy rains followed by dry heat, is the main factor in an 11% drop in the season’s main cocoa harvest, according to the latest figures from the International...

The rally of cocoa prices on the markets should mean farmers are paid more for beans. Pic: CN

Commodities

Tight cocoa supplies push up prices to meet strong global demand

By Anthony Myers

Cocoa prices climbed this week as the result of stronger global cocoa demand, with barchart.com reporting that Gepex, an exporter group that includes six of the world's biggest cocoa grinders, said that its Q3 cocoa processing was 183,731 MT, up...

Former ICCO Council President Abel Fernández addresses members at the recent Council Meeting. Pic: ICCO

Sustainability

ICCO celebrates 50 years of cocoa sustainability commitment

By Anthony Myers

The International Cocoa Organization (ICCO) marked half a century of commitment to sustainable growth in the cocoa sector with a special celebration held in Abidjan, Côte d'Ivoire, where it is now headquartered.

Ourput of West African cocoa beans fell last month. Pic: CN

Commodities

Uncertain supply and demand undercuts cocoa prices

By Anthony Myers

Recent flash flooding in West and Central Africa has hindered Cote d’Ivoire’s transportation of cocoa beans from the farms to the ports and could be the reason for the reduction of cocoa arrivals seen during the first few weeks of the main 2022-23 season...

Pic: CN

Grindings

Slight climb in cocoa prices as chocolate production slows

By Anthony Myers

Cocoa prices rallied in the week ending 24 June, after the Cote d’Ivoire government reported that cocoa farmers sent a cumulative 2.24 MMT of cocoa to its ports from 1 October 1 to 19 June, down -1.8% y/y.

Bali Nusa Dua Convention Center. Pic: Bali Nusa Dua Convention Center

Cocoa

ICCO pushes back World Cocoa Conference to 2024

By Anthony Myers

The World Cocoa Conference has been postponed for the third time after organisers International Cocoa Organization (ICCO) cited uncertainties of holding a global gathering in Bali with the potential of more travel restrictions due to the ongoing COVID-19...

The ICCO said that even though grindings increased year-on-year it was not sufficient to absorb excess production. Pic: ConfectioneryNews

Grindings

ICCO expects 10% increase in world cocoa output

By Anthony Myers

The International Cocoa Organisation (ICCO) forecasts a 10% increase in the world cocoa production and a 25% increase in the cocoa price in the next decade. Based on the forecast, the total cocoa production will be approximately 4,700,000 tonnes in 2022-2023.

The level of cocoa in Europe's warehouses is down by 1.5%, according to the ICCO. Pic: ConfectioneryNews

Cocoa

ICCO latest assessment of European cocoa bean stocks show 1.5% reduction

By Anthony Myers

In its latest update, the ICCO’s (International Cocoa Organization) assessment of European cocoa bean stocks for the 2019/20 season held in the continent’s warehouses reveals a reduction of 1.5% (down by 11,734 tonnes), compared with the previous season.

Cocoa shortfall not worse than expected, says ICCO. Photo Credit: cstrom

ICCO clarifies 2012/13 cocoa deficit after leak

The International Cocoa Organization (ICCO) has reiterated its cocoa deficit forecast for the 2012/13 season after a public leak led the market to erroneously believe the shortfall was greater than expected.

Cocoa shortfall worse than previously feared

Cocoa deficit trebled by ICCO for 2012/13

By Oliver Nieburg

The global cocoa deficit for the 2012/13 crop year was worse than previously expected, according to revised figures from the International Cocoa Organization (ICCO), which has tripled its estimate.

Cocoa deficit unlikely, says Euromonitor. Photo Credit: World Cocoa Foundation

No cocoa crisis in 2017, says Euromonitor

By Oliver Nieburg

Euromonitor International is predicting that demand for cocoa products will not outstrip supply by 2017, contrary to the International Cocoa Organization’s (ICCO) forecasted cocoa deficit.

ICCO cuts cocoa deficit forecast

ICCO cuts cocoa deficit forecast

By Oliver Nieburg

The International Cocoa Organisation (ICCO) anticipates a lower than expected global cocoa shortage in the 2011/12 season due to ideal weather conditions and higher grinds in some cocoa producing countries.