The market has been trying to assess the reasoning behind Hershey's request, which equates to about 5,000 20-foot containers. That's more than nine times the amount the exchange allows.
The nearby December ICEcocoa futures contract was trading at $8,689 per ton on November 15. The March contract was over $2,400 higher in mid-December at over $11,100 per ton. Cocoa remains well ...
March ICE NY cocoa (CCH25) Tuesday closed up +476 (+4.72%), and March ICE London cocoa #7 (CAH25) closed up +308 (+3.80%). Cocoa prices settled sharply higher on Tuesday as they extended ...