Nestle considers raising chocolate prices due to doubled cocoa costs, impacting sales volume.
Nestle may raise chocolate prices ahead of Christmas due to soaring cocoa costs, which have nearly doubled this year amid shrinking supplies. Companies like Nestle raised prices previously to cover high input costs, but this led to lost sales volumes to cheaper rivals. Nestle's total real internal growth, a metric for sales volumes, was negative in the first half of the year, falling 0.5% from a year earlier.
July 24, 2024
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