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Hershey has told retailers it will be taking a double-digit price increase on average across its confection portfolio due to a surge in costs of cocoa, a company spokesperson said Tuesday.

Eagle-eyed Costco shoppers just discovered the bakery's latest creation: A Dubai Chocolate Cake that is already sending the internet into a freak out.

Rising ingredient costs prompted Hershey to raise prices on chocolate products, and the company noted the change is unrelated to tariffs or trade policies.

A trendy Dubai chocolate spread sold at World Market is being recalled due to contamination. Is your product affected?

Hershey isn’t the only chocolate maker potentially rising prices as Swiss food giant Nestle said on July 24 that its costs could rise in the second half of the year, according to CNBC.

A popular Dubai chocolate spread sold nationwide has been recalled for possible salmonella contamination.

But here’s the bad news: Hershey and other chocolate makers are continuing to hike prices, saying a volatile cocoa market gives them no choice.

The Hershey Company says its chocolate products will see a “low double-digit” price increase in the coming weeks due to the rising cost of cocoa around the world, CBS News reports.

Hershey plans to raise chocolate prices: ‘Reflects the reality of rising ingredient costs’ by Alton Northup - 07/23/25 7:31 PM ET Listen to audio version of this article Advertisement ...