Cocoa futures prices fell after Hershey expected a tariff cost of 15 million to 20 million dollars in the second quarter. In the New York market, the most active contracts once fell by 3.2%. Cocoa prices have risen sharply over the past year, and chocolate manufacturers are facing a weakening of demand after shifting cost pressure to consumers. The US now imposes a 10% baseline tariff on imported goods, which could raise prices again and cut sales even further.

Zhitongcaijing · 05/01 15:09
Cocoa futures prices fell after Hershey expected a tariff cost of 15 million to 20 million dollars in the second quarter. In the New York market, the most active contracts once fell by 3.2%. Cocoa prices have risen sharply over the past year, and chocolate manufacturers are facing a weakening of demand after shifting cost pressure to consumers. The US now imposes a 10% baseline tariff on imported goods, which could raise prices again and cut sales even further.