Ghana

Hershey CEO Michele Buck To Retire In 2026

Chocolate maker Hershey on Friday announced the departure of CEO Michele Buck on 30 June 2026 following seven years at the helm.

New York cocoa and coffee were among the strongest performing commodities in 2024, with prices more than doubling.

The ICCO sees Ivory Coast’s cocoa production reaching 2 million metric tonnes in the 2024/25 season, according to an ICCO expert.

Ivory Coast has raised the fixed farmgate price paid to cocoa farmers by 20% the country’s agricultural minister said on Monday.

World cocoa prices fell by about 20% in two days as technical triggers prevailed thanks to record-low liquidity. Prices recovered on Tuesday.

Cocoa futures in both London and New York set record highs on Monday, due in part of a supply shortage of the plant.

Cocoa farmers in Ghana and Ivory Coast cannot afford to buy fertilisers and other products needed to increase yield on their plantations.

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