Asian Cocoa Processing Beats Estimates as Hershey Shares Gain 3.61%

Cocoa processing in Asia and Europe topped estimates for the third quarter, while Hershey shares advanced 3.61% over five days. The stronger activity followed lower cocoa costs, but chocolate demand has yet to show a sustained recovery. Asian processing rose 29% from a year earlier, reaching its highest quarterly level since 2011. European grindings increased 3.2% year-on-year, the region’s first quarterly year-on-year increase since 2024. New York cocoa futures gained 0.5% to about $5,762 a ton. That was roughly 157% above this year’s low of $2,243, but more than 50% below levels near $12,000 during the shortage in late 2024.

Source: TokenPost