Hershey invests $500M to improve cocoa farming struggles

In a June ESG report, Hershey said it had a goal of establishing full sourcing visibility for its cocoa volume in both the Ivory Coast and Ghana by 2025. ###As of Decemwalmart sleep supplementsber 2023, the company had invested over half (51%) of its $500 million investment commitment in “Cocoa For Good,” and this week brouzinc supplement cause acneght it to fruition. ###The chocolate industry has been hampered by cocoa’s supply chain woes over the past year, and the side effects are being passed along to consumers. ###In fact, cocoa prices have doubled since the start of 2024, and are projected to remain high through at leaamazon magnesium citrate liquidst September 2025, according to a Wells Fargmagnesium citrate used for sleepo report. As a result, producers like Hershey and Mars have raised prices on their sweets.###Hershey said its partnerships with the cocoa-producing cooperatives is a “ a memorandum of understanding,” that mainly looks to improve farmers livelihoods. ###The announcement also coincided with the annual National Cocoa and Chocolate Days held in Abidjan, Côte d’Ivoire. ###”Improving farmer incomes requires a holistic approach and collaboration across public and private sectors,” said Tricia Brannigan, vice president and chief procurement officer at Hersheycalcium citrate 1000 mg tablet.

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