Nestle raises forecast despite high raw material costs

03/13/2008 | Times (London) (subscription required), The · CNNMoney

Nestle has been coping with the rising costs of commodities by increasing the prices of its products that contain milk, cocoa, coffee and cereals, according to reports on a U.K. announcement. "The group was forced to advance price increases for finished goods in order to partially absorb the higher input costs ... this accounts for a strong pricing element in the organic growth for the first two months of 2008," the Swiss-based company said.

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Times (London) (subscription required), The · CNNMoney

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