Here’s the good news: Hershey 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.
Orion and Haitai Foods raised the prices of chocolate-based snacks by as much as 20 percent as the the cost of cocoa continues to soar.
The sharp rise in the international prices of Coffea robusta, a key ingredient in chocolates and extensively utilized in instant coffee and cocoa, is heightening inflation rates.
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