Aug 21 - The International Cocoa Organization today releases its revised forecasts for the current 2007/08 cocoa year of world production, grindings and stocks of cocoa beans, summarized below. The data published in Issue No. 3 - Volume XXXIV - Cocoa year 2007/08 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of August 2008.
Summary of revised forecasts and estimates
Cocoa year
(Oct-Sep) |
2006/07 |
2007/2008 |
Year-on-year change |
| |
Revised estimates |
Previous forecasts a/ |
Revised Forecasts |
|
| |
(thousand tonnes) |
|
(Per cent) |
| World production |
3 380 |
3 740 |
3 646 |
+ 266 |
+ 7.9% |
| World grindings |
3 639 |
3 744 |
3 698 |
+ 59 |
+ 1.6% |
| Surplus/deficit b/ |
- 293 |
- 41 |
- 88 |
|
|
| |
|
|
|
|
|
| End-of-season stocks |
1 583 |
1 533 |
1 495 |
-88 |
- 5.6% |
| Stocks/Grindings ratio |
43.5% |
40.9% |
40.4% |
|
|
Notes:
a/ Forecasts published in Quarterly Bulletin of Cocoa Statistics, Vol. XXXIV - No. 2 - Cocoa year 2007/08
b/ Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings
Totals and differences may differ due to rounding.