August 4, 2014

Many Kosher Food Prices Rise as Commodity Prices Soar

NEW YORK — It is no secret that kosher consumers have been paying more for items like beef, poultry, milk and cheese. The overall tab at the check-out counter may be as high as 15% more than it was a year ago. Even chocolate is not immune as Mars and Hershey announced price hikes of 7 and 8%, respectively, to cover rising supply chain costs.

The cost of the cacao bean has risen 18% this year alone, due to a combination of poor yields from major suppliers and the growing demand for higher cocoa content in chocolate products. The rising commodity costs and other raw materials have had their impact on foods in general, but kosher has also been victim to the sharply higher prices. In fact, many retailers claim that they have not increased prices to the level that the general market has. Food has become much more expensive all over the world and the US is no exception.