(10.) Calculations are based on data provided by the International Cocoa organization
(ICCo), an organization composed of various cocoa-producing and cocoa-consuming nations charged by the United Nations to administer the provisions of the International Cocoa Agreement.
Meanwhile, the trade ministry said it is optimistic the country's cacao exports would exceed last year's export earning of US$ 1.38 billion Deputy Trade Minister Mahendra Siregar said demand for cacao in the world market is forecast to grow 4% this year as estimated by the International Cocoa Organization
. In the first seven months of this year the country's cacao exports were valued at US$ 977 million or a 45% rise on-year, Mahendra said.
and also the Chairman of the International Cocoa Organization
It was endorsed by a wide variety of groups including the government of Ivory Coast, the International Labor Organization's child labor office, Free the Slaves, the Child Labor Coalition, the International Cocoa Organization
(which represents cocoa-growing countries) and the National Consumer League.
Laurent Pipitone, head of the statistics department of the International Cocoa Organization
, London, gave an overview of current developments and problems in the international cocoa market.
Where Chocolate Comes From (Percentage of World Cocoa Bean Production) Ivory Coast 40% Ghana 16% Indonesia 15% Brazil 6% Nigeria 5% Cameroon 5% Equador 3% Rest of the world 10% SOURCE: INTERNATIONAL COCOA ORGANIZATION
, LONDON Note: Table made from pie chart.
In addition, buffer stocks are warehoused for the International Cocoa Organization
and the International Natural Rubber Organization.