MAY 25·esmmagazine.com▲
Real Chocolate Is Making A Comeback As Cocoa Prices Decline
Cocoa futures have fallen about 70% from late-2024 peaks, after prices nearly tripled in 2024 to above $12,000/metric tonne on weather and disease. Hershey said it plans to raise cocoa content in its chocolate alternatives, and Reese’s products will return to original recipes next year, after criticism. Industry expects more firms to follow as lower cocoa costs and some laws (e.g., Brazil’s 35% cocoa solids requirement) support a shift back to traditional chocolate.
MAY 22·Stock Titan▲
Mondelez International (MDLZ) director awarded 3,525 deferred stock units
Mondelez International director 't Hart Cees was awarded 3,525 deferred stock units of Class A Common Stock on May 20, 2026, under the company's 2024 Performance Incentive Plan. These units are fully vested but the shares will be delivered six months after the director's separation from the board. Following this grant, the director's direct holdings in Mondelez total 12,217 shares, a figure that includes approximately 476 shares accumulated through a dividend reinvestment program.
