Cocoa prices Friday extended Thursday's sharp losses, with NY cocoa posting a 2-week low and London cocoa posting a 1-month low. Cocoa prices are under pressure as recent rain in West Africa has ...
Cocoa prices today are moderately higher on carryover support from last Friday when the International Cocoa Organization (ICCO) said a survey of global cocoa stockpiles at the end of the 2023/24 ...
Piper Sandler downgrades Hershey Co. to underweight from neutral on expectation of stubbornly high cocoa prices Hershey Co.'s stock fell Friday, as Piper Sandler cut its rating on the chocolatier ...
WHICH IS CONSIDERED A BENCHMARK FOR COCOA PRICES, HAVE GONE UP OVER 300% IN THE LAST FEW YEARS. FOR MANY YEARS, THE PRICE OF BEANS HAS BEEN PRETTY LOW, AROUND 3000 A TON, AND IT’S GONE WAY UP AS ...
As the company scrambles to scoop up supply and prices continue to climb (cocoa comprises ~25% of Hershey’s COGS), the company will likely have to contend with “structurally declining ...