{"id":84376,"date":"2025-07-22T22:59:26","date_gmt":"2025-07-22T22:59:26","guid":{"rendered":"https:\/\/www.europesays.com\/us\/84376\/"},"modified":"2025-07-22T22:59:26","modified_gmt":"2025-07-22T22:59:26","slug":"hershey-to-raise-chocolate-prices-as-cocoa-costs-remain-high","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/84376\/","title":{"rendered":"Hershey to raise chocolate prices as cocoa costs remain high"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -Hershey has told retailers it will be taking a double-digit price increase on average across its confection portfolio due to a surge in costs of cocoa, a company spokesperson said on Tuesday.<\/p>\n<p class=\"yf-1090901\">The maker of Reese&#8217;s Peanut Butter Cups declined to comment on the specifics of the pricing action as discussions with its retail partners are underway.<\/p>\n<p class=\"yf-1090901\">&#8220;This change is not related to tariffs or trade policies. It reflects the reality of rising ingredient costs including the unprecedented cost of cocoa,&#8221; the spokesperson said.<\/p>\n<p class=\"yf-1090901\">Cocoa prices have risen sharply in the last two years and touched a record in December due to supply problems in Ghana and the Ivory Coast. Since then, the price of cocoa has fallen to an eight-month low, though it remains above levels seen earlier in the decade.<\/p>\n<p class=\"yf-1090901\">During Hershey&#8217;s quarterly earnings call in May, CEO Michele Buck said the company was working to absorb high input costs by adjusting the pack size and pricing together, especially on seasonal items.<\/p>\n<p class=\"yf-1090901\">These actions would lead to higher prices in the second and third quarter, she had said.<\/p>\n<p class=\"yf-1090901\">(Reporting by Savyata Mishra and Anuja Bharat Mistry in Bengaluru; Editing by Alan Barona and Devika Syamnath)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Hershey has told retailers it will be taking a double-digit price increase on average across its confection&hellip;\n","protected":false},"author":3,"featured_media":84377,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,57220,57221,67,132,68],"class_list":{"0":"post-84376","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-hershey","10":"tag-retail-partners","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114899371661588033","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/84376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=84376"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/84376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/84377"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=84376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=84376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=84376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}