Friday, March 14, 2008

Nestle boosted by soaring prices of milk, cocoa, coffee and cereals

Nestlé is making money from the soaring cost of commodities, with the Swiss multinational forcing consumers to absorb the higher price of its food products containing milk, cocoa, coffee and cereals.

People may be cutting back on their buying especially during a time when inflation, unemployment and gas prices on the rise. However, that is except for Nestle products. People still consider chocolate a little luxury and are not daunted by the increase of prices.

1 comment:

L Wilder said...

Nestle can ask whatever price they want because the company realizes that customers will continue to purchase their products regardless of their financial situation.