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The International Cocoa Organization today releases its revised estimates of world production, grindings and stocks of cocoa beans for the 2023/24 cocoa year. The data published in Issue No. 2 - Volume LI - Cocoa year 2024/25 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of May 2025.
For the 2023/24 season, global production and grindings are projected to decline by 12.9% and 4.8% to 4.368 million tonnes and 4.818 million tonnes respectively.
Regarding cocoa trade, global exports of cocoa beans and semi-finished cocoa products, measured in bean equivalents, reached 2.490 million tonnes during October to December 2024, representing an increase of 6.1% compared to 2.347 million tonnes recorded during October to December 2023.
A review of price developments on international markets for cocoa beans during the January-March quarter of 2025 is also presented.
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Summary of forecasts and revised estimates |
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Cocoa year (Oct-Sep) |
2022/23 |
2023/24 |
Year-on-year change |
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Previous |
Revised |
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Estimates |
estimates a/ |
estimates |
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(thousand tonnes) |
(Per cent) |
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World gross production |
5 016 |
4 489 |
4 368 |
- 648 |
- 12.9% |
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World grindings |
5 058 |
4 885 |
4 818 |
- 240 |
- 4.8% |
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Surplus/deficit b/ |
- 92 |
- 441 |
- 494 |
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End-of-season stocks |
1 764 |
1 336 |
1 270 |
- 494 |
- 28.0% |
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Stocks/Grindings ratio |
34.9% |
27.3% |
26.4% |
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