
Core Viewpoint - Nestlé USA will increase prices on certain chocolate products due to high commodity costs, despite a general easing of food inflation in the U.S. [1] Group 1: Price Increase Details - Nestlé USA plans to raise prices on its Toll House chocolate, baking cocoa, and candy kits starting June 23 [1] - The price increase is a response to the ongoing rise in chocolate prices, which have been affected by high cocoa costs [1] Group 2: Cocoa Market Conditions - Cocoa futures reached a historic high of nearly $13,000 per ton last year due to supply shortages caused by crop disasters in West Africa [1] - Although current cocoa prices have decreased by 30% from their peak, they remain significantly above historical levels [1] Group 3: Broader Commodity Trends - Arabica coffee futures also experienced record highs earlier this year due to drought conditions in Brazil [1]