COCOA

The candy and chocolate giant Hershey Co., according to Bloomberg, has requested approval from the Commodities Futures Trading Commission (CFTC) to purchase over 90,000 metric tons of cocoa. The Pennsylvania-based global confectionery company, in a bid to secure its cocoa supply ahead of a speculated scarcity in 2025, intends to acquire the product through the…

Ghana’s president-elect, John Dramani Mahama, has pledged to reform the country’s cocoa sector to boost growth and efficiency in the world’s second-largest cocoa-producing nation. In an interview with Reuters, Mahama vowed to reorganise the state-run regulator, COCOBOD, criticising the current structure of the cocoa industry, emphasising the need for a regulatory framework that prioritises farmers’…