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. Lower bean costs have improved chocolate makers’ margins and encouraged processing. During the 2024 price spike, makers changed recipes as consumers pushed back against more expensive candy.

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