Cocoa grindings in Europe, North America and Asia fell for the second quarter of 2023, according to latest figures released by the International Cocoa Organization (ICCO), sending cocoa prices soaring on the markets as consumers look for cheaper chocolate.
The International CoCoa Farmers Organization has called for greater farmer involvement in cocoa sustainability efforts and plans to host a conference alongside the International Cocoa Organization’s top event after its board membership request was rejected.
The International Cocoa Organization (ICCO) has slightly reduced its cocoa deficit forecast for the current crop year and says there are ample stocks for chocolate manufacturers, but a deficit next year could raise prices.
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.
The reported purchase of 240,100 tonnes of cocoa on the London futures market by a sole trader will not impact hugely on supply to industry, as cocoa processors have already shored up bean stocks for the next four months, claims the International Cocoa...