Market
What will be the cocoa market supply situation by the end of 2025?
2
Resolution / Starting Odds
Surplus • 25%
Balanced • 25%
Deficit less than 5% • 25%
Deficit more than 5% • 25%
Reports from the International Cocoa Organization (ICCO) and other 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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Increase by more than 20% • 25%
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Remain stable • 25%
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Increased awareness but not consumption • 25%
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Continues under new management • 25%
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Rebranded and relaunched • 25%
United States • 25%
United Kingdom • 25%
Germany • 25%
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Increased imports from India • 25%
No significant change • 25%
Increased imports from both Brazil and India • 25%
Increased imports from Brazil • 25%
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$40 billion to $45 billion • 25%
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Mondelez outperforms Hershey • 25%
Acquisition completed • 25%
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Mondelez withdraws bid • 25%
1 to 4 new products • 25%
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