Cocoa dropped in New York, heading for a weekly decline, amid concerns about weaker demand in the wake of record prices.

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Mondelez International MDLZ0.59%increase; green up pointing triangle reported earnings missed that missed expectations and guided for a drop in 2025 adjusted earnings as it navigates rising cocoa ...

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“The outlook has worsened,” said Piper Sandler analyst Michael Lavery, as the severely dry November and December risks a continued deficit of the cocoa bean, prompting a downgrade in Hershey ...