Cocoa futures fall, Hao Shi predicts that tariff costs could reach as high as $20 million.

Cocoa futures prices have fallen, with the previous prediction by Hershey's that there will be $15-20 million in tariff costs in the second quarter. In the New York market, the most active contracts once fell by 3.2%. Cocoa prices have risen significantly over the past year, putting chocolate manufacturers in a situation where they may face reduced demand after passing on cost pressures to consumers. The current 10% baseline tariff imposed by the United States on imported goods may once again raise prices and further reduce sales.