Hershey and Cadbury signal possible price hikes due to doubled cocoa costs from rain-affected production.
Hershey and Cadbury chocolate brands signal possible price hikes amid rising cocoa costs. Cocoa price has more than doubled since last year, with torrential rain in major cocoa-producing regions affecting production. Executives from Hershey and Cadbury have pointed to possible additional price hikes due to the increased cocoa costs, which they identify as the main culprit behind the increases.
March 18, 2024
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