In light of an ongoing review of its estimation and long-term methodologies, the Secretariat has temporarily withheld production and grindings data for the 2024/25 season.

However, data for the 2023/24 season remain unchanged from the previous Bulletin:

• World Gross Production declined by 12.9% year-on-year to 4.368 million tonnes.
• World Grindings fell by 4.8% to 4.818 million tonnes.
• The global supply deficit widened to 494 thousand tonnes.
• End-of-season stocks dropped by 28% to 1.270 million tonnes, reducing the stocks-to-grindings ratio to 26.4%.

 .The Bulletin also reviews cocoa bean price trends for the April–June 2025 quarter. While prices have eased from historic highs, they remain elevated due to persistent supply constraints, notably those linked to unpredictable weather conditions. The Secretariat cautions that any adverse climatic developments could further impact supply and pricing.

On the trade front, global exports of cocoa beans and semi-finished products (measured in bean equivalents) reached 2.25 million tonnes between January and March 2025 - an increase of nearly 6% compared to the same period in the previous season.

This issue also includes trade statistics by country and region, covering crop years 2021/22 to 2023/24 and quarterly data from July–September 2023 to January–March 2025. Details of origin of imports and destination of exports for leading cocoa importing countries are also provided.

Copies of the Quarterly Bulletin of Cocoa Statistics, in Microsoft Excel and Adobe PDF formats, can be ordered from the ICCO e-Shop: www.icco.org/shop or by email: statistics.section@icco.org

About ICCO

The International Cocoa Organization (ICCO) is an inter-governmental organization established in 1973 under the auspices of the United Nations and operating within the framework of successive International Cocoa Agreements. The ICCO is headquartered in Abidjan, Côte d’Ivoire.

The Organization comprises 52 Member countries, of which 23 are cocoa exporters and 29 are cocoa importers: https://www.icco.org/who-we-are/

For further information, please contact: info@icco.org