It will be harder to find sweet deals on chocolate this Valentine’s Day. In fact, the cost of chocolate might put a bitter taste in your mouth.
BMI (a unit of Fitch Solutions) on Thursday revised up its price forecast for ICE-listed second-month cocoa futures to $7,600/tonne from $5,900/tonne, as it expects prices to remain above ...
Commodity cyclicality tells us the odds favor lower cocoa prices in 2025. However, a price correction depends on increased West African output, which depends on the weather and other factors in a ...
Despite those figures, companies are attempting to offset cocoa’s sky-high prices, meaning that chocolate prices will likely still increase on the consumer side of the market, Bloomberg notes.
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 ...
Cocoa prices today are plunging, with NY cocoa posting a 1-month low and London cocoa posting a 5-week low. Cocoa prices are retreating today after major chocolate maker Mondelez International ...
Cocoa prices today are mixed. Today's rally in the dollar index to a 3-week high (DXY00) undercut NY cocoa prices. However, London cocoa is higher after the British pound (^GBPUSD) fell to a 1 ...