Loading...
Market
What will be Hershey's strategy for sourcing cocoa in 2025?
2
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.
View original story
Similar markets
Failed acquisition • 25%
No attempt made • 25%
Successful acquisition • 25%
Ongoing negotiations • 25%
Acquisition rejected • 25%
Mondelez withdraws bid • 25%
Negotiations ongoing • 25%
Acquisition completed • 25%
$35 billion to $40 billion • 25%
Below $35 billion • 25%
Above $45 billion • 25%
$40 billion to $45 billion • 25%
No • 50%
Yes • 50%
Mondelez outperforms Hershey • 25%
Other • 25%
Both perform equally • 25%
Hershey outperforms Mondelez • 25%
Merger rejected • 25%
Merger approved without conditions • 25%
Merger approved with conditions • 25%
No decision by deadline • 25%
Decrease diversity efforts • 25%
Increase diversity efforts • 25%
Maintain current efforts • 25%
No clear trend • 25%
Increased awareness but not consumption • 25%
Increased awareness and consumption • 25%
Decrease in both • 25%
No significant change • 25%
