Archive · 23 Jul 2025
Hershey to Raise Chocolate Prices Due to Cocoa Costs
Hershey, the company that makes chocolate, is going to raise the price of its candies.
This is because the ingredients used to make chocolate, especially cocoa, have become very expensive.
The company is talking to stores about how much the prices will go up.
Cocoa prices were very high at the end of last year but have come down a little.
Hershey had previously said they would adjust prices to deal with high costs.
They are working on new ways to manage prices, like maybe changing the size of the chocolate bars or the cost.
Hershey is increasing prices across its confection portfolio.
The price hike is due to high cocoa costs.
Hershey's declined to comment on specific pricing details.
Cocoa prices hit a record high in December but have since fallen.
Hershey previously mentioned adjusting pack sizes and pricing.
- Who
- Hershey, the maker of Reese's Peanut Butter Cups, is implementing the price increases.
- What
- Hershey is raising prices on its confectionary products.
- When
- The price increase will occur in the second and third quarter.
- Where
- N/A
- Why
- Due to rising ingredient costs, including high cocoa prices.
- Company
- Hershey
- Products
- Confection portfolio
- Reason for increase
- High cocoa costs
- CEO
- Michele Buck