Chocolate prices are Rising

Hershey and Mars take up 2/3 of the chocolate industry in the U.S. and they both decided that prices are going to increase, as much as 7% on each chocolate bar. If both of these companies decided to form a cartel they would be able to because they hold 2/3 of the whole market. There is also a coco supply problem that is happening in South Africa. Since the supply is decreasing it causes a spike in the price of chocolate.

http://www.cbsnews.com/news/why-chocolate-prices-are-set-to-rise/

Leave a Comment