Why Falling Cocoa Prices Are the Ultimate Margin Rocket for Hershey Stock

Check out this chart of cocoa ($SG2D) over the past 3 years. Bittersweet, isn’t it? Literally, as in bitter and then sweet, if you’re a consumer of chocolate products like I am (72% cocoa or higher, please). www.barchart.com After all, the main commodities used to mass-produce chocolate are cocoa (CCH26) and sugar (SBH26). The former spiked upwards in price during 2023 and, after a brief pullback, again during most of 2024 and early 2025. Then, it dropped just as quickly as it rose. More News from Barch ...