Companies behind Hershey and Cadbury chocolate signal possible price hikes amid cocoa cost surge

Hershey Co. candy bars are displayed for sale inside of the company's Chocolate World visitor center in Hershey, Pa., Nov. 28, 2017.is on the horizon, but the price of chocolate may leave a bitter aftertaste for some people leading up to the sweet holiday.recently indicated they may raise prices on products again due to the rising cost of cocoa, which has gone up following torrential rain in major cocoa-growing regions that affected production.

Hershey has already raised prices on some grocery and food service items this year, with the latest increase last month, according to executives. Dirk Van de Put, CEO of Mondelēz International, called rising cocoa prices one of the "issues" on the company's mind and identified the "need to price as needed."Tried and true family recipes that always end up on the Easter table

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two Alaskan seafood shipping companies to pay U.S. $9.5 million for violation of Jones ActTwo Alaska seafood shipping companies settled a lawsuit with U.S. Customs and Border Protection (CBP) for violating the Jones Act.
Source: KTVF11 - 🏆 267. / 63 Read more »

These Companies Have a Plan to Kill AppsApps made the smartphone. Now, companies are increasingly leveraging AI to envision a world without them.
Source: WIRED - 🏆 555. / 51 Read more »

Companies Need to Focus More on Cash Flow and Return on CapitalSponsor content from EY.
Source: HarvardBiz - 🏆 310. / 63 Read more »

Lawsuit accuses oil, gas companies of fraud after bankruptcy results in 200 “orphan” wells in ColoradoThe land Cindy and Ronald McCormick bought for their “forever” home in eastern Adams County came with an out-of-service oil well, an open pit, aging storage tanks, a dilapidated shed an…
Source: denverpost - 🏆 13. / 72 Read more »