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 December 2023, the company had invferric pyrophosphate bioavailabilityested over half (5ferrous gluconate definition1%) 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 remain high through at least September 2025, according to a Wells Fargo 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 understandiron pyrophosphate microencapsulated in liposomal form with vitamin cing,” tbest liposomal iron supplementhat mainly looks to improve farmers livelihoods. The announcement also coincided with the annual National Cocoa and Chocolate Days heferro grad f tab 30ld 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 Hershey.
Hershey invests $500M to improve cocoa farming struggles
