More Bad News: Hershey's Chocolate to Cost More

"The Hershey Co. announced Wednesday it is increasing the price of its chocolate goods by almost 10 percent.
The Derry Twp.-based chocolate manufacturer said the price bump was needed to offset rising production costs, including record prices for cocoa, one of the key ingredients of chocolate."
Ref: The Patriot News

Well, . . . well, . . . well.

One cannot say DonDiego didn’t warn one.

On 18 February:
Quote

Originally posted by: DonDiego
. . . and predicted food shortages worldwide (e.g. political mischief within the Ivory Coast may limit availability of Easter chocolate goodies), . . .


And again, on 5 March:
Quote

Originally posted by: DonDiego
From the WallStreetJournal :

"Cocoa prices hit a 32-year high this week as political violence flared in Ivory Coast.
Prices have rallied 37% since Ivory Coast's disputed Nov. 28 election that set off the crisis. The internationally recognized president, Alassane Ouattara, has banned exports of cocoa to squeeze his incumbent rival from power. The most actively traded contract, for May delivery, hit $3,775 a metric ton Friday before settling at $3,657 a ton.


[boldface added - DD]

DonDiego trusts those with a predilection towards chocolate stocked up on chocolate when they had a chance.
Umm, . . . yummy, . . . DonDiego has his.
Well, at least they have the honesty of raising their prices instead of reducing the portions. Or are they doing both? Hopefully not.
Don Diego worries too much.

Rick
Bacon too,
going up 13%-24%

boo

...and Leon's getting laaaarrrrger

Quote

Originally posted by: noahcat


Bacon too, going up 13%-24%




GOOD LORD !!!!!!

CAN YOU JUST IMAGINE WHAT THE PRICE OF CHOCOLATE COVERED BACON WILL NOW BE ?????

Rick



I will pay top prices for Hershey's. I remember going to the factory when I was little and it was a walking tour. They allowed you to grab and eat all the candy you could. My parents couldn't get me out of there...
lol
I heard chocolate might go up so much as to make it unaffordable for people. I hope not.
Quote

Originally posted by: snidely333
I heard chocolate might go up so much as to make it unaffordable for people. I hope not.


Never happen. Although a few hundred years ago you could have been right. Chocolate was once for the rich folks, just like ice cream. Thank goodness someone figured out how to keep it from melting at room tempeture. Oh, that Hershey guy........
This is all lies. Nobama says inflation is less than 1%. If you believe your lying lies over the Dear Leader you must be a Ray-Zist.
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