Hershey is worried about popcorn, not record cocoa prices ...Middle East

Quartz - Economy
Hershey is worried about popcorn, not record cocoa prices
source : Quartz ( Middle East ) () 30
Hershey CEO Michele Buck opened up the company’s earnings call (pdf) Thursday (Feb. 8) by talking about “historic” cocoa prices. Thanks to speculators taking advantage of back-to-back West African rains and droughts, a metric ton of the brown stuff costs more than $5,400 for one contract traded out of New York, more…Read more...

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