Surging cocoa prices have hit Hershey—hard. But prices won’t stay ... as dry weather and wildfires reduced the stock of beans available for sale. Underinvestment and plant disease have also ...

The amount of cocoa Hershey wants to buy is equivalent to roughly all of the beans currently in exchange warehouses that are certified or could be certified for delivery against futures contracts ...

“The outlook has worsened,” said Piper Sandler analyst Michael Lavery, as the severely dry November and December risks a continued deficit of the cocoa bean, prompting a downgrade in Hershey ...

Hershey ended a turbulent 2024 relatively well while surging cocoa prices affected the company. Derivative hedges eased earnings pressure in 2024 against stagnating adjusted earnings. After a more ...

This is all good news, if one is to assume that the negative impact on Hershey's earnings will be limited to only one year. Even though cocoa prices will stabilize at some point, this seems as a ...

Analysts say exposure to Hershey stock may be the best option ... "If the trade is in your favor, you expect to receive actual cocoa beans—which is probably not what people want," he said.

NEW YORK (Reuters) -Chocolate maker Hershey Co said the ICE New York cocoa futures market is currently disconnected from the reality of the global physical market due to exchange actions that have ...

Hershey Co., the largest U.S. chocolate maker ... the world's two largest cocoa bean producers. Chocolate makers grind cocoa beans to make liqueur and butter used in product formulations.

In addition, chocolate maker Hershey said on February 6 that high ... the National Confectioners Association reported that Q4 North American cocoa bean grindings fell -1.2% y/y to 102,761 MT.

Big chocolate brands such as Nestle, Hershey and Mondelēz ... fortify older ones and make the cocoa bean supply more sustainable. “The price of cocoa is really responding to a long-term ...

NEW YORK, March 4 (Reuters) - Chocolate maker Hershey Co (HSY.N), opens new tab said the ICE (ICE.N), opens new tab New York cocoa futures market is currently disconnected from the reality of the ...