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

Benzinga · 10/15 13:25

Five-year agreement builds on significant company investments in improving the well-being of cocoa farming communities

HERSHEY, Pa., Oct. 14, 2024 /PRNewswire/ -- Hershey announced a five-year agreement with nine cocoa-producing cooperatives in Côte d'Ivoire. The move is part of its "Cocoa For Good" strategy, a 10-year, $500 million investment by the company to address the complex challenges facing cocoa farmers. The agreement aims to build lasting relationships with farmers that enable a more resilient supply.