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High Sugar, Cocoa, Butter Costs May Force Confectioners, Bakers To Hike Prices

December 20, 2014: 12:00 AM EST
High costs of ingredients are pummeling bakeries and confectioners and may force price increases for the first time in years. Sugar, cocoa, and butter are all more expensive these days. Throw in a higher minimum wage and you have a recipe for higher candy and baked goods prices. U.S. sugar prices have risen to 24.6 cents a pound in the last 18 months, even though a glut of sugar globally drove prices this past summer to their lowest level since 2009. A Montana confectioner said his company hasn’t raised prices in two years, “but we're getting to the point where we're going to have to do it again”.
Christopher Doering, "High sugar prices leave bitter taste for some", USA Today, December 20, 2014, © USATODAY, a division of Gannett Satellite Information Network, Inc.
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