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Market
Will Hershey announce a major price increase for its chocolate products in the US by September 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Hershey's official announcements or press releases
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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Similar markets
No • 50%
Yes • 50%
Negotiations ongoing • 25%
Acquisition completed • 25%
Acquisition rejected • 25%
Mondelez withdraws bid • 25%
Below $35 billion • 25%
$40 billion to $45 billion • 25%
$35 billion to $40 billion • 25%
Above $45 billion • 25%
No attempt made • 25%
Ongoing negotiations • 25%
Successful acquisition • 25%
Failed acquisition • 25%
Merger approved with conditions • 25%
Merger rejected • 25%
Merger approved without conditions • 25%
No decision by deadline • 25%
Mondelez outperforms Hershey • 25%
Both perform equally • 25%
Hershey outperforms Mondelez • 25%
Other • 25%