In 2020, the price of sugar averaged about $0.1288 per pound, according to Macrotrends. At the time of writing, roughly three years later, the price surged some 86%, to $0.24 per pound.

In a May earnings call, Michele Buck, president of The Hershey Company, said the candy company would lean into products that are "less Cocoa intensive" as it navigates the inflation of cocoa prices.

Florida Hershey ‘lied’ about its Reese’s holiday-themed candy, lawsuit says. ‘Monstrosity’ By Julia Marnin Updated January 2, 2024 8:26 AM ...

High cocoa costs are to blame for the price increases at Hershey and other treat companies. Last December, cocoa prices hit over $12,000 per metric ton, according to theWSJ.

Cocoa prices have soared over the past two years due to poor weather and crop disease in Ivory Coast and Ghana, which supply over 60% of the world's cocoa. Futures hit record highs in December ...

The Hershey Company announced double-digit price increases on average for its candy products due to rising cocoa costs, adding the company is in discussions with its retail partners.

Cocoa prices hit an all-time high earlier this year. Hershey has some bitter and not-so-sweet news for chocolate fans: The famed candy brand will be raising its prices due to high cocoa costs and ...

Hershey told its retail partners it is raising prices by a percentage in the “lower double-digit range” over what its chocolate products cost over the past couple years, a company spokesperson ...

Tangent Hershey’s stock moved higher Tuesday, closing up nearly 3% at $181.69—one of its highest closing prices of the year—in a day where markets were largely flat. Key Background ...

Hersheypark Christmas Candylane is my favorite time to visit, the park is alive with millions of lights and the smell of Hershey’s Hot Cocoa is in the air. Opening this weekend for the 2024 ...

The Hershey Company is being sued for their Reese's holiday candies. The complaint alleges deceptive packaging as the peanut butter cups do not have "cute faces" as displayed on the wrapper.