Reported about 21 hours ago
Hershey Co. has sought approval from the Commodity Futures Trading Commission (CFTC) to purchase up to 90,000 metric tons of cocoa from ICE stocks, exceeding the current limit of 4,900 contracts. While Hershey claims to be well-prepared for its 2025 cocoa needs, analysts suggest that such a large purchase could deplete ICE's certified cocoa supplies, negatively impacting market liquidity.
Source: YAHOO