Cocoa bean stocks reviewed
The ICCO Expert Working Group on Stocks (EWGS) has reviewed the level of world cocoa bean stocks.
The EWGS 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 stocks held in warehouses worldwide. The survey is conducted every year since 2000 and aims to improve transparency in the cocoa market.
The result of the latest survey showed that world cocoa bean stocks rose to 1.505 million tonnes as at the end of the 2014/2015 cocoa year (30 September 2015), representing stock levels at 3,000 tonnes higher than the previous year. This result appeared to show a smaller supply surplus than the one published by the ICCO in November 2015 in its latest Quarterly Bulletin of Cocoa Statistics (QBCS), estimated at 36,000 tonnes for the 2014/15 season.
