Cocoa procurement starts with product form, origin and quality. Beans, liquor, butter and powder are different products; country totals and futures references do not by themselves establish a lot-specific physical price.
ICCO has temporarily withheld current-season 2025/26 production and grindings totals. Atlas therefore shows the latest disclosed 2024/25 balance as dated evidence and does not invent a current-season total.
The August 2026 ICCO bulletin reflects information available in early August but withholds 2025/26 production and grindings. The latest disclosed global balance is therefore the 2024/25 estimate. Atlas keeps the evidence date, market year and withheld fields visible.
Cocoa beans are not interchangeable with cocoa liquor, butter or powder. A comparable bean lot needs origin, crop period, bean count or size, moisture, fermentation, defects, smoke or contamination limits, certification where relevant, quantity, Incoterm, destination and delivery window.
West African production concentration makes weather, disease, farmgate policy, traceability and port execution material to procurement. Atlas separates those operating signals from exchange prices and from any lot-specific physical estimate.
No. In its August 2026 release, ICCO said current-season production and grindings data were temporarily withheld.
The reviewed August 2026 release gives 4.733 million metric tons for 2024/25. That is a dated estimate, not a live lot price.
No. Futures are reference-market anchors. A physical price additionally requires a defined product, quality, origin, destination, Incoterm, delivery window, currency and information vintage.
Origin, crop period, grade and defects, moisture, fermentation, certification where applicable, quantity, Incoterm, destination and delivery window.
Figures retain their source, period and review date. Corroboration is not promoted to primary evidence.