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Ivory Coast: Certified cocoa stocks fall by 43%

19/03/2021
Categories: Raw materials Rate

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Certified cocoa stocks fell from 62,060 tonnes (t) to 35,140 t. The International Cocoa Organization (ICCO) in its monthly report notes that this drop represented 43%.

Certified cocoa stocks on the ICE Futures Europe futures market fell by 43% between October, the start date of the current 2020/21 campaign, and the end of February, the International Cocoa Organization points out today. (ICCO) in its monthly report. The share of Ivorian cocoa fell from 17% of the total to 13% and that of Cameroon from 68% to 59% to the benefit of Nigeria whose cocoa now represents 25% of certified stocks against 12% in October. The other origins remained stable at 3%.

Cocoa from Côte d'Ivoire is clearly losing ground in terms of certified stocks on the US futures market, ICE Futures US. It only represents 55% of total certified stocks compared to 75% in October to the benefit of Cameroon, which rose from 2% to 17%, but also Ecuador, which now represents 17% of total volumes compared to 1% at the start of the campaign.

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