Chocolate News
Hershey says it is hiking chocolate prices
CNN.COM Your Kit Kat bar and Reese’s Peanut Butter Cups are officially getting pricier. 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 confirmed to CNN. The culprit: high cocoa prices. Cocoa futures rose a whopping 178% in 2024 after a 61% increase in 2023, according to data from FactSet. That’s because Ghana and Ivory Coast account for almost 60% of the world’s cocoa production, and the region has been hit by poor harvests due to weather exacerbated by climate change.Chocolate Makers Burned Again as Shortages Hit Cocoa Powder
Chocolate makers were already grappling with record prices for cocoa butter, which provides that melt-in-your-mouth feel. Now they are also paying up for the powder that lends their product its color and taste.
Why US chocolate tastes weird to the rest of the world
Chocolate is popular almost everywhere. But tastes vary depending on the continent. While some regions like their chocolate sugary sweet, others prefer more fruity or nutty notes.
Happy National Chocolate Almonds Day! July 8, 2025
Happy World Chocolate Day! July 7, 2025