Hershey ups chocolate prices for retail customers By Brad Matthews - The Washington Times - Wednesday, July 23, 2025
Candy and snack giant Hershey Co. is increasing the prices of its products due to issues with the cocoa supply.
A Hershey spokesperson told The Wall Street Journal that 75% of the company’s candy will still cost less than $4 for consumers while retailers such as wholesalers and stores face a 13% to 20% price increase.
On an earnings call in May, Hershey CEO Michele Buck said that “you will see pricing go up in Q2 and Q3,” according to a transcript from the financial news site Seeking Alpha.
“This change is not related to tariffs or trade policies. It reflects the reality of rising ingredient costs, including the unprecedented cost of cocoa,” a Hershey spokesperson told CBS News.
The company has not responded to a request for comment from The Washington Times.
Cocoa prices have fallen from $12,100 for a metric ton in December, but this week’s price of $8,100 is still well above past prices, according to The Journal.
Disease and bad weather have taken a toll on the crop produced in countries like Ghana and the Ivory Coast.
“The long dry season has been harsh on trees, and there’s very little we can do on the farms until we have good rains. This kind of weather remains the biggest problem. But even when the rain falls, output will be less,” Ivorian farmer Yabao Madi told Bloomberg in April.
https://www.washingtontimes.com/news/2025/jul/23/hershey-ups-chocolate-prices-retail-customers/
