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 cocoachelated zinc bisglycinate volume in both the Ivory Coast and Ghana by 2025. As of December 2023, the company had invested over half (51%) of its $500 million investment commitment in “Cocoa For Good,” and this week brought 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 remanordic naturals zincin high through at least September 2025, according to a Wells Fargo report. As a result, producers like Hersis xymogen on amazonhey 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 livelihozinc gluconate skinods. 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, vicezinc picolinate and gluconate manfaat president and chief procurement officer at Hershey.