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

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The price of cocoa has already more than doubled since last year.

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

 

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