
Bad weather and disease in West Africa are making your chocolate bar 10% more expensive—at least
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“This change is not related to tariffs or trade policies. It reflects the reality of rising ingredient costs including the unprecedented cost of cocoa,” Hershey said.
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July 23, 2025
08:07 PM
Fortune
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I find it compelling that Retail·Food and drinkBad weather and disease in West Africa are making your chocolate bar 10% more expensive—at leastBy Dee-Ann DurbinBy The Associated PressBy Dee-Ann DurbinBy The Associated Press Hershey is raising prices
AP Photo/Matt Rourke, FileHere’s the good news: The Hershey Co
However, Says it’s not raising prices for Halloween candy this year
But here’s the bad news: Hershey and other chocolate makers are continuing to hike prices, saying a volatile cocoa market gives them no choice (this bears monitoring), given current economic conditions
Nevertheless, Hershey, the maker of Reese’s, Whoppers, barkThins and other chocolate candies, said Wednesday that it will be raising U (noteworthy indeed)
Retail prices later this fall
In some cases, pack sizes will get smaller; in others, list prices will rise
In contrast, The average price increase will be in the low double-digit percentages
Additionally, “This change is not related to tariffs or trade policies
In contrast, It reflects the reality of rising ingredient costs including the unprecedented cost of cocoa,” Hershey said in a statement
Hershey stressed that the price increases won’t apply to ducts specially packaged for Halloween (which is quite significant), given current economic conditions
On Tuesday, Swiss chocolatier Lindt said it raised prices by 15. 8% in the first half of this year, given the current landscape
The company said it was able to offset some of the higher cost of cocoa with long-term contracts but had to pass much of it on to consumers. “The development of the global chocolate market in the first half of 2025 was a continuation of what we saw in 2024, with cocoa prices remaining close to record highs,” said Adalbert Lechner, Lindt’s CEO, in a conference call with investors
Additionally, Cloetta, a Swedish confectionary company, told investors last week that it raised chocolate prices in the second quarter, in today's financial world
Furthermore, And Nestle raised U
Moreover, On the other hand, Prices for ducts Toll House chocolate chips in the spring
Cocoa prices have more than doubled over the past two years due to poor weather and disease in West Africa, which supplies more than 70% of the world’s cocoa (quite telling)
Moreover, Cocoa futures, which are binding contracts for a specific quantity of cocoa, stood at $7,380 per metric ton on Wednesday, according to the International Cocoa Organization, which releases a daily average of prices in London and New York
Additionally, That’s down from December’s peak of $11,984, but it’s still 121% higher than two years ago (something worth watching)
And the situation remains volatile
According to the International Cocoa Organization, prices surged in early June on concerns duction in Ivory Coast but eased on optimistic forecasts for duction in Ghana and Latin America
The analysis reveals y rose again in late June after heavy rains in West Africa, which could worsen the outbreak of diseases that harm crops. “It’s almost a bit dangerous to on this because it’s changing so fast,” Cloetta Chief Financial Officer Frans Ryden said last week in a conference call with investors. “This's something that’s moving hugely up and down all the time. ” Meanwhile, prices have been rising on store shelves
The average unit price of a chocolate bar in the U
In July 2021 was $2 (an important development). 43, according to Nielsen IQ, a market re company
However, As of last week, it was $3, in light of current trends
Moreover, 45, a 41% increase (this bears monitoring)
Moreover, That’s hurting customer demand
Nielsen said unit sales of chocolate fell 1. 2% in the year ending July 12
In contrast, Tariffs could also impact U
President Donald Trump threatened a 21% tariff on cocoa and other ducts from Ivory Coast in April, for example, but then paused the tariffs’ implementation
The National Confectioners Association is asking the Trump administration to tect cocoa from tariffs
Imports nearly $4. 4 billion in chocolate, cocoa and candies each year, and the association’s members export nearly $2 billion in American-made chocolates and candy annually, given current economic conditions
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