Nestle to Raise Prices of Some US Chocolate on High Cocoa Costs

Nestle 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.

The US division of Nestle SA, the world’s largest food company, will raise prices of its Toll House morsels, baking cocoa and fudge kits starting June 23, according to a memo viewed by Bloomberg News.