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Cadbury cocoa pressure

This article was originally published in The Public Ledger

UK confectionery maker Cadbury's said it is raising its prices for chocolate in 2009 due to the higher cost of cocoa and may raise prices even further in 2010 if the commodity stays at its current levels.Ken Hanna, finance director at Cadbury's, said the average cost of cocoa for the group was 40% higher in 2008 than it was in 2007.



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