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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Falling Knives
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Author: richinmd   😊 😞
Number: of 1166 
Subject: Re: FKA: HSY
Date: 12/07/23 9:37 AM
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No. of Recommendations: 6

Not sure if this has been mentioned but there are supply and cost issues with both chocolate and sugar. 2/3 of all cocoa comes from Ivory Coast and Ghana and due to heavy rains/floods which is causing very low yields.

I don't eat a lot of chocolate but when I was looking at candy like M&Ms the prices were quite high. People will pay for snacks, up to a point.

thetakeout.com - Chocolate supply low cocoa harvest sugar shortage candy

In April, both Hershey and Mondelez, two global companies that produce sweets like Reese’s, Kit Kat, and Toblerone, acknowledged that the rising price of sugar is a challenge that has led to higher costs for consumers. Mondelez already announced in November that it would be raising prices on some products due to the both chocolate and sugar shortages, and Nestlé, another major sweets producer, said it would also be raising prices, as reported by Bloomberg.

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