Hershey Signs Groundbreaking Long-Term Agreement With Cocoa Cooperatives; The Move Is Part Of Its "Cocoa For Good" Strategy, A 10-Year, $500M Investment By The Company To Address The Complex Challenges Facing Cocoa Farmers
Portfolio Pulse from Benzinga Newsdesk
Hershey has signed a five-year agreement with nine cocoa-producing cooperatives in Côte d'Ivoire as part of its 'Cocoa For Good' strategy, which is a 10-year, $500 million investment to support cocoa farmers. This initiative aims to improve the well-being of cocoa farming communities and ensure a resilient supply chain.
October 15, 2024 | 1:25 pm
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Hershey's new agreement with cocoa cooperatives in Côte d'Ivoire is part of its $500M 'Cocoa For Good' strategy, aiming to support cocoa farmers and ensure a resilient supply chain.
The agreement is a significant step in Hershey's long-term strategy to support cocoa farmers and ensure a stable supply chain. This move is likely to enhance Hershey's brand image and sustainability credentials, potentially leading to positive investor sentiment.
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