The price of Hershey chocolate is about to go up. The Hershey Company confirmed Tuesday that it plans to raise its prices due to the increasing cost of cocoa and other ingredients. Cocoa is harvested mostly in West Africa, where cocoa crops have been hit hard by threatening weather, and disease, causing prices to skyrocket. Other issues affecting cocoa include a global supply shortage, and chronic underinvestment in cocoa farms. The price change is expected to take effect in the near future.
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