More Commodities - Cocoa

Cocoa: Appearances are deceiving

November 17, 2016 at 9:30 AM , Der AUDITOR
Play report as audio

LONDON. After a slow start into the new season, farmers have now increased the speed with which they deliver cocoa beans.

The reason for the weak start of the season is seen by the ICCO (International Cocoa Association) in the disappointing results of the mid crop. The quality of the beans suffered from the drought, which is why the farmers held the beans back to later mix them in with the considerably better beans of the main crop.


Deliveries are catching up
Good conditions, such as lavish rainfall, ensure positive forecasts and there is even talk of a carry-over of cocoa beans for season 2016/17. The ports on the Ivory Coast, however, registered only 252,000 mt up until 06. November 2016, a decrease at that time of 30% compared with the same time last year (362,000 mt). The Ghana Cocoa Board registered 200,000 mt. Since then, deliveries to the Ivory Coast’s ports rose to 316,000 mt of cocoa beans, which is only 23% less than in the previous year (approx. 410,500 mt).


production figures



Ivory Coast




status: 06.11.2016




3-year low
The processing figures for Europe and Asia were able to meet expectations for the third quarter of 2016, although very differently. North American processors, though, have increased their production rate only minimally by 0.5%. Market participants had counted on more. The processing figures in total paint a much more positive picture than is actually the case. There were decidedly less cocoa beans processed on the Ivory Coast in season 2015/16 than the previous year.
Prices are moving steadily downward and are at the lowest level on the New York Exchange at 2,392 USD/mt (2,225 EUR/mt) than they have been since August 2013.


processing figures













3rd quarter 2016

Attached Files

File icon
cocoa beans, 3.517-2.1

View related articles

Go to the News Overview
Apr 24, 2019
BONN. As the Association of German Confectionery Industry has recently reported cocoa bean grindings in Germany have risen nominally in the first quarter. Figures are also encouraging in Europe, North America and Asia.
Feb 11, 2019
AMSTERDAM/FRANKFURT. The grinding statistics from Europe and North America fall short of expectations. Last year’s prolonged summer weather has put off consumers from eating chocolate in Germany and concerns have been voiced over the mid-crop in the Côte d’Ivoire. Traders are, however, skeptical towards these and similar statements.
Oct 22, 2018
WASHINGTON DC/ SINGAPORE. North American Cocoa grindings dropped significantly in the second quarter. Judging by the recently announced cocoa grindings for the third quarter it, however, seems that demand has recovered.
Oct 17, 2018
BONN. The Association of the German Confectionery Industry records a nominal increase of in cocoa grinds for Q3.