ICCO releases 2022/23 S&D forecast

The International Cocoa Organization (ICCO) released its latest cocoa statistics in late February. Comments note concerns over the macroeconomic picture around the world and slowing demand. Versus 2021/22, ICCO sees total 2022/23 world cocoa output growing 4 percent, not a bad recovery after recent [...]

ICCO now projects 2021/22 cocoa deficit of 174,000 MT

The latest estimate from International Cocoa Organization (ICCO) showed a 174,000 MT deficit in the 2021/22 season, little changed from their previous forecast of a 181,000 MT shortfall, partly the result of a weaker grind forecast, which may be reflected in Q2 grind numbers [...]

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