Hershey to raise candy prices
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Cocoa prices at 47-year high before Valentine's Day Chocolate lovers won't see a sudden price spike for Valentine's Day — because the cost already has been rising for months.
The Swiss chocolatier turned more cautious on its full-year profitability outlook as cocoa prices remained at historically high levels.
ICE NY cocoa (CCU25 ) today is down -17 (-0.21%), and September ICE London cocoa #7 (CAU25 ) is up +90 (+1.72%). Cocoa prices today are mixed. NY cocoa gave up an early advance today and turned lower,
Swiss chocolate maker Lindt & Spruengli on Tuesday raised its organic sales growth forecast citing customer loyalty despite steep price hikes, with a growing taste for more premium products especially in Europe.
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