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Hershey Raises Candy Prices Amid 178% Cocoa Surge

7/25/2025

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Summary

Story summary

Hershey Company plans to increase candy prices in the U.S. by low double-digit percentages due to rising cocoa costs.
Cocoa prices have skyrocketed by 178% in 2024, influenced by adverse weather and disease in Ghana and Ivory Coast.
Hershey clarifies that the price hikes are unrelated to tariffs or trade policies.
Popular products, including Reese’s and KitKat, will see price adjustments in the coming weeks.

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Story summary

Hershey Company plans to increase candy prices in the U.S. by low double-digit percentages due to rising cocoa costs.
Cocoa prices have skyrocketed by 178% in 2024, influenced by adverse weather and disease in Ghana and Ivory Coast.
Hershey clarifies that the price hikes are unrelated to tariffs or trade policies.
Popular products, including Reese’s and KitKat, will see price adjustments in the coming weeks.