Candy prices rising on increased cost of sugar

With sugar prices at 29-year highs, candy makers are hiking their prices, the Chicago Tribune reports:

Many candy-makers instituted price increases of about 10 percent last year, said Sal Ferrara II, president of Forest Park-based Ferrara Pan Candy Co., maker of such venerable brands as Lemonhead and Red Hots….

Meanwhile, data from market researcher Nielsen Co. show that the price of non-chocolate candy jumped almost 9 percent during the 13 weeks ended Nov. 28 compared with the same time last year. Chocolate candy has experienced a similar price jump. Makers have been hit by high sugar costs and soaring cocoa prices.

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