Cocoa Melts To 2-Year Lows — Just In Time For Hot Chocolate Season
Cocoa futures just slid to their lowest level in almost two years, and the timing couldn't be more delicious as investors are staring down another inflation-heavy holiday season. As winter mugs come out and gifting shelves fill up, the sudden collapse in cocoa prices arrives as a rare margin tailwind for chocolate manufacturers that have spent the past year battling soaring ingredient costs and price-sensitive consumers.Track HSY stock here.The question now hanging over Wall Street: will cheaper beans final ...