Subject: Re: OT: HSY
How does an increase in raw materials be good for HSY?


Chocolate is the expensive raw material in chocolate bars, so if chocolate becomes more expensive, a company that makes its so-called chocolate predominantly with milk, milk solids, sugar, carageen, and so forth, and very little chocolate, will have an improved competitive position. For instance, a Hershey bar has about 11% chocolate...

https://www.washingtonpost.com...

dtb