Nestlé to raise prices of some US chocolate on high cocoa costs

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The story "Nestlé to raise prices of some US chocolate on high cocoa costs" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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Nestlé to raise prices of some US chocolate on high cocoa costs - Business Mirror

Quick Summary:

Nestlé USA is increasing prices for some chocolate products due to commodity costs, a sign that sweet treats will stay expensive for consumers in the near term.

Tight supply pushed up cocoa futures to a record late last year, prompting price hikes, which are testing consumers’ appetite to pay up for snacks.

The Toll House price increases come after “exhausting efforts to offset aggravations due to increased commodity costs,” according to Nestlé’s memo.