Market
What will be Hershey's strategy for sourcing cocoa in 2025?
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Resolution / Starting Odds
Increased domestic sourcing • 25%
Increased international sourcing • 25%
Diversified sourcing • 25%
No significant change • 25%
Hershey's official announcements or industry reports
Story
Hershey Seeks CFTC Approval to Buy Over 90,000 Metric Tons of Cocoa, Nine Times More Than Allowed, Amid Record Prices
Jan 8, 2025, 06:04 PM
Hershey is seeking approval from the U.S. Commodity Futures Trading Commission (CFTC) to purchase over 90,000 metric tons of cocoa on the ICE Futures exchange in New York. This request comes amid global cocoa shortages that have driven prices to record levels. The chocolate manufacturer aims to acquire nine times more cocoa than is typically allowed by the exchange, as the cocoa market is projected to experience another deficit.
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No attempt made • 25%
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Ongoing negotiations • 25%
Mondelez withdraws bid • 25%
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$40 billion to $45 billion • 25%
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Yes • 50%
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Mondelez outperforms Hershey • 25%
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Hershey outperforms Mondelez • 25%
Merger approved without conditions • 25%
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