Hershey boosts wholesale prices
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From Times Wire Services
Hershey Co. said it increased wholesale prices of about a third of its U.S. candy production by 13% to offset rising costs.
The increase, effective immediately, boosts wholesale prices on standard chocolate bars, king-size bars, six-packs and vending lines.
In April, Hershey raised wholesale prices of the same items by 4% to 5%.
Hershey said it was more exposed to the rising costs of milk and cocoa than its competitors, which include Mars and Nestle.
