Hershey will soon raise its candy prices, according to multiple outlets, citing a jump in cocoa costs that have provoked the chocolate company to rethink its list prices and the quantities or weight of candy sold in each container
Read the full story on Forbes: https://www.forbes.com/sites/antoniopequenoiv/2025/07/22/heres-why-hershey-is-raising-prices/
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
00:00Here's why Hershey is raising prices. Hershey will soon raise its candy prices, according to multiple outlets.
00:08Andrew Orchambeau, president of U.S. Convection at Hershey, said that the increase is due to rising ingredient prices and a spike in the, quote, unprecedented cost of cocoa, unquote.
00:20Ivory Coast and Ghana account for over half of the world's cocoa supply, but the countries have experienced poor climate conditions that have hindered cocoa production.
00:30The Wall Street Journal reports that Hershey's price hike will involve a double-digit percentage increase.
00:35In addition to establishing higher prices, the company will make adjustments to the candy's weight and quantity.
00:42While the timeline of the price hike hasn't been announced yet, a spokesperson said it could take about 90 days to materialize.
00:49Orchambeau clarified that the hikes were not related to trade policies or tariffs.
