Hershey Hikes Candy Prices 11 Percent
Well, we've been saying it would be more honest to just raise prices instead of shrinking the product, and Hershey has taken us up on that. On Friday, only months after a 13% hike back in February, Hershey announced a price increase of 10-11% across the product line, citing higher costs for ingredients.
In addition to the classic Hershey's chocolate bar, Hershey makes Kisses, Reese's Cups, Whoppers, Mounds and Almond Joy, Rolo, York Peppermint Pattie, Mr. Goodbar, Payday, Kit Kat, Heath, 5th Avenue, and some Cadbury products.
"Hershey boosts prices as commodities cost more" [MarketWatch]
(Photo: Getty)
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Hey, if they're not shrinking and they're still using cocoa butter instead of "other fats," I'm pretty satisfied.
[dontmesswithourchocolate.guittard.com]
Plus, you can always buy dirt cheap chocolate bars at Walgreens. Just wait a few weeks and your favorite will be on sale.
I commend Hershey for this. I'm tired of biting into a piece of "chocolate," only to feel grease and taste vegetable oil. If nothing else, the fairly successful sale of $2.50-$3.00 "premium" chocolates (those ones with the cocoa content marked) should show that folks are willing to pay for real chocolate.
I personally don't see what the big deal is. Yes, the cost of living is rising, but that happens every decade. In 40 years we're going to be saying "i remember when a pack of M&Ms was only $3.00."
I see that things are a bit steeper more quickly, but once things even out, things will still be more expensive than in the year 2000.
You made a mistake. It should read "Hershey's chocolate scented brown wax bar" not "Hershey's chocolate bar" if you want to be accurate.
Hopefully the Hershey Wax Corporation will get bought out by an actual candy maker. This would also free the United States from the plague of fake Hershey made Kit Kat bars.
A word of advice, seek out proper Kit Kats made in the UK. It is worth it.
@Triborough: Hershey=waxcrap.
Even their new Cacao Reserve is a marketing gimmick to distract us true Chocoholics. Sadly, Hershey bought Scharffenberger (my favourite domestic chocolatier).
For now, I'll stay with Belgium, Swiss and then Hershey.
But alas, everything else is going up but my income.
@AdvocatesDevil: No, you're the snob. Personally attacking people in a smug tone because they like things of high quality makes you the snob. You are the one asserting that because the "snobs" do not conform to your own personal worldview they are somehow elitist. Just like smug environmentalists, and smug anti-TV people. Nothing wrong with their opinions, just the way they present them. Some of the commenters were sarcastic, but they never called anyone out or mocked anyone for the decision to consume Hershey's. You think you can take the high ground, but snobbery has nothing to do with preferences, and everything to do with the attitudes regarding them
It kind of sucks to be Hershey right now. In their press release they indicate that raw material prices have gone up 20-45% since the beginning of the year. Cocoa just reached a 28-yr record price on the NY commodities market (incidentally, Herhsey no longer processes cocoa; they buy their chocolate mass from Barry Callebaut, which has also raised its prices). With the big confectioners hawking candy in China and India, demand is going up. Social turmoil (we're looking at you, Ivory Coast) and natural disasters continue to hurt cocoa supplies, so those costs are going to continue to rise.
The good news for fine chocolate people is that rising costs should be muted for higher-end companies. Places like Scharffenberger and Valrhona already pay above-market rates for their beans and (theoretically) don't mess with the commodities market.
@TomCruisesTesticles(!):
Second that. High-enders will buy the occasional Snickers bar, and the low-enders might treat themselves to a 70% cacao bar. YMMV.
Hershey's Special Dark has been my favorite, but last year I tried the really really good chocolates (especially the ones with the 85% cacao) and they are heavenly. Well worth the $2.50 I was paying for the bars.
I would die for Fannie Farmer mint chocolates, however. No childhood trip to the mall would be complete with a fistful of those suckers jammed into my mouth. Alas, Fannie Farmer is no more.
While Hershey's Kissables can no longer be legally called chocolate because they contain vegetable oils:
Hershey's Milk Chocolate bars and Kisses are still chocolate, as defined by the FDA. That means that these candies contain "a combination of chocolate liquor, cocoa butter, sugar and milk or cream. Milk chocolate must contain at least 10% chocolate liquor and at least 12% total milk ingredients." No vegetable oil. No wax. The reason that Hershey's bars are different than European style chocolates is because their cocoa is processed in a slightly different manner, and they add more sugar.
If it says "chocolate" it's pure chocolate. If it says "chocolate candy" or "chocolaty" or "chocolate flavored," then it contains chocolate, but only for flavoring.

























At least they're being honest. I commend people for that.