Latest: Hershey is worried about popcorn, not record cocoa prices
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 than double what … Read more