These popular chocolate snacks are going to get more expensive
Consumers are balking at the skyrocketing price of eggs, but those aren’t the only food with surging costs.
The Wall Street Journal reports Mondelez, the food company that produces Oreos, says it will continue to raise costs amid record cocoa prices.
“If cocoa prices remain elevated where they are today, that might require more pricing in the second half of this year and in 2026,” Mondelez CEO Dirk Van de Put told WSJ.
Over the past few years, WJS reports, Mondelez has implemented multiple price increases to allow customers to acclimate to the rising costs.
According to WSJ, Hershey anticipates high cocoa prices to significantly pressure earnings in 2025. The maker of Kit-Kat and Reese’s Peanut Butter Cups said it is closely watching consumers’ reactions to higher prices.
For the next two years, the company said it expects to consider all tools necessary to manage higher cocoa costs, including price increases.