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Nestle raising prices for some U.S. chocolate products, Bloomberg reports

The U.S. division of Nestle (NSRGY) plans to increase prices for some chocolate products due to commodity costs, raising prices of its Toll House morsels, baking cocoa and fudge kits starting June 23, according to Bloomberg’s Jaewon Kang, Isis Almeida and Sonja Wind, citing a memo viewed by the news service. Shares of rival Hershey (HSY) moved into positive ground following Bloomberg’s report.

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