Cocoa futures have experienced a 7% drop to $8,500 per tonne, reaching a three-month low, amid concerns over weakening demand despite tight supplies. This decline follows warnings from major chocolate producers Hershey and Mondelez about potential demand destruction due to high cocoa prices. Hershey has announced plans to reformulate its products, while Mondelez has revised its profit forecasts downward for 2025. Arabica coffee futures have also fallen below $4 per pound, marking their lowest level in two weeks, due to an increase in inventories. This comes amidst reports of rising global coffee prices, which could impact consumer prices. Keurig Dr Pepper Inc. reported its fourth-quarter earnings, with adjusted earnings per share at $0.58 and revenue at $4.07 billion, both surpassing expectations. The company's U.S. Refreshment Beverages segment showed a strong growth of 10.3%, while the U.S. Coffee segment experienced a decline of 2.4%.