Manufacturing cost adversely impacted by transient and non-transient factors RM cost for GRAN spiked due to a combination of supply disruptions for a key ingredient (fire at supplier's factory), higher crude and plant closures in China impacting ingredient supplies. Some of the factors are likely to prove transient, but complete gross margins recovery unlikely any time in the near/medium term. Timing difference means GRAN unlikely to be able to fully pass on cost inflation GRAN has automatic pricing resets for ~50% of its ongoing supplies, but for the balance supplies it has to negotiate with customers. The risk here is that if the price appreciation is...