This is a bad news for all chocolate lovers and for all the fans of Cadbury Dairy Milk chocolates worldwide. The company had planned on increasing the price of their chocolates to compensate for the increasing cost of its production. Cadbury, one of the leading names in confectionery, plans to increase the prices of its products due to the rising cost of the raw materials used in making their delicious and well-loved chocolates.
Cadbury Schweppes who is famous for Dairy Milk Chocolate and Trident Gum is seeking to increase its prices since the costs of production are set to go up in 2008 by 5-6 percent.
The chocolate company released a comment stating that there was a 9% decline in its annual profit as a result of the increase in cost of production. This decline is estimated to cost $1.3bn. Cadbury, as of the present date, is working on the spinning off of its American drinks. The revenues at Cadbury’s confectionery products had grown in 2007 by 7% as the firm had reported.