Cocoa supplies still tight

By Staff Writer

- Last updated on GMT

Related tags Côte d'ivoire Cocoa bean Ghana

Cocoa supplies will remain tight for confectionary companies as
production for the last growing season continue to be below demand
for the ingredient.

However, estimates for the growing season, which ended September 2005, will come as good news to an industry under increasing pressure from rising global consumption.

Although more cocoa beans are being ground, end of season stocks will be slightly higher that initially forecast, according to the International Cocoa Association (ICCO).

The revised estimate for world production now stands at 3,289 thousand tonnes, up from the ICCO's initial forecast of 3,194 tonnes. The estimated production is down 6.6 per cent on the previous growing season.

World grindings are forecast at 3,298 thousand tonnes, an increase of three per cent to from the original estimate of 3,268, the ICCO stated.

The ICCO says even with the fall in production, the world's cocoa deficit will be cut by more than half, to 42 thousand tonnes from 106 thousands tonnes.

End of season stocks for 2005 are estimated at 1,444 thousand tones, 2.8 per cent down on the previous growing season.

A contributing factor to these revised estimates could be the calmer than expected situation in the world's biggest cocoa producer, the Ivory Coast.

Related topics Ingredients

Related news

Show more

Related products

show more

Unlock the business potential of the protein trend

Unlock the business potential of the protein trend

Content provided by Valio | 08-Feb-2024 | White Paper

Read our white paper to learn how to overcome taste and texture challenges in protein products — and how to commercialise the protein trend by making delicious...

Custom Microbiome Solutions for Dairy & Alt-Dairy Products

Custom Microbiome Solutions for Dairy & Alt-Dairy Products

Content provided by ADM: Innovation that Feeds the Future | 13-Oct-2023 | White Paper

Backed by clinical studies and perfect for use in dairy and alt-dairy applications alike, ADM’s Active Lifestyle probiotic blend, BPL1™ probiotic, and...

Consumers Want Dairy—and More!

Consumers Want Dairy—and More!

Content provided by ADM: Innovation that Feeds the Future | 06-Oct-2023 | White Paper

In the thriving dairy industry, you’re well aware of the surging demand for both dairy and non-dairy products.

Related suppliers