• Skip to main content
  • Skip to primary sidebar

Hershey signs groundbreaking long-term agreement with cocoa cooperatives aimed at improving farmer income and farm resiliency

Asia Food Journal
  • Home
  • Latest News
  • Channels
    • Packaging
    • Processing
    • Ingredients
    • Industry
    • Automation
    • Guest Posts
    • Market Trends
  • Subscribe
  • Advertise
  • Event Calendar
  • Contact Us
    • Submit Guest Posts
Share
Leaderboard of Asia Food Journal




Hershey signs groundbreaking long-term agreement with cocoa cooperatives aimed at improving farmer income and farm resiliency

October 16, 2024 by Asia Food Journal

cocoa cooperatives

Courtesy of The Hershey Company

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

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. 

Leaderboard of Asia Food Journal

A long-term commitment to improve farmer livelihoods

The announcement coincided with the annual National Cocoa and Chocolate Days held in Abidjan, Côte d’Ivoire. The heart of the agreement is a memorandum of understanding between Hershey, Sucden, and the nine cooperatives which aims to:

  • Partner with farmers to professionalize cocoa farming and improve their profitability
  • Invests in community-based resources that improve household wellbeing
  • Preserve the environment and strengthen farm resilience

Long-term collaboration among the three entities provides stability for farmers and an ability to more directly engage in addressing on-the-farm challenges.

“Improving farmer incomes requires a holistic approach and collaboration across public and private sectors,” said Tricia Brannigan, Vice President, Chief Procurement Officer for Hershey. “Collaboration happens best when you have trust. Trust is built over time through strong, long-lasting relationships.”

Building resilient communities within cocoa supply chains

This agreement aligns with Côte d’Ivoire’s National Strategy for Sustainable Cocoa to ensure a coordinated and lasting approach to addressing key challenges in the Ivorian cocoa sector.

This latest move by Hershey is part of a series of significant investments in the well-being of cocoa farming communities. In addition to its $500 million “Cocoa for Good” investment, Hershey launched its $40 million Income Accelerator program in 2023. It is also funding the construction of primary schools in farming communities, through an agreement with the National Oversight Committee for Actions to Fight Child Labor, Trafficking and Exploitation and the International Cocoa Initiative.

To learn more about how Hershey is supporting the people behind its products through initiatives that improve farmer incomes, prioritize children’s well-being and protect the environment, visit https://www.thehersheycompany.com/en_us/home/sustainability/sustainability-focus-areas/cocoa.html.

About The Hershey Company

The Hershey Company (NYSE: HSY) is an industry-leading snacks company known for making more moments of goodness through its iconic brands, remarkable people and enduring commitment to doing the right thing for its people, planet, and communities. Hershey has more than 20,000 employees in the U.S. and worldwide who work daily to deliver delicious, high-quality products. The company has more than 90 brand names in approximately 80 countries, including Hershey’s, REESE’S, Kisses, Kit Kat®, Jolly Rancher, Twizzlers and Ice Breakers, and salty snacks including SkinnyPop, Pirate’s Booty and Dot’s Homestyle Pretzels.

For over 130 years, Hershey has been committed to operating fairly and ethically. The candy and snack maker’s founder, Milton Hershey, created Milton Hershey School in 1909, and since then, the company has focused on helping children succeed through equitable access to education.

To learn more visit www.thehersheycompany.com.

Other Topics: Chocolates, cocoa, Cocoa Cooperatives, Cocoa For Good, Industry, The Hershey Company

Related Articles

  • Ayurvedic wellness

    Courtesy of Gonmisol

    Gonmisol, K. Patel join to bring Ayurvedic wellness to Europe
  • Starbucks Taiwan

    Courtesy of Starbucks

    Starbucks Taiwan unveils its largest flagship store at Dream Plaza, Taipei 
  • low-carbon operations

    Courtesy of CP Foods

    CP Foods equips SMEs for global markets with low-carbon operations
  • sustainable rice farming project in Vietnam

    Courtesy of CC7/Shutterstock

    BENEO joins forces in ambitious sustainable rice farming project in Vietnam
  • Singapore’s most beloved local F&B brands revealed: foodpanda unveils first-ever Local Foodie Heroes Hall of Fame

    Courtesy of foodpanda

    Singapore’s most beloved local F&B brands revealed: foodpanda unveils first-ever Local Foodie Heroes Hall of Fame
  • soy shipment

    Courtesy of COFCO

    First COFCO Responsible Standard soy shipment to Thailand
Leaderboard of Asia Food Journal

Primary Sidebar

Stay Connected

Your browser does not support the video tag. Learn More

Trending News

  • Kerry Jakarta officeKerry expands innovation footprint in Southeast Asia… Kerry, a global leader in taste and nutrition, officially opened…
  • sustainable sourcingBeverage solutions brand DaVinci Gourmet drives… In a first among global food service beverage brands, DaVinci…
  • Fi Asia Thailand 2025Fi Asia Thailand 2025 registration opens:… Organisers expect a record-breaking showcase of ingredient innovations from 17-19…
  • Singapore’s most beloved local F&B brands revealed: foodpanda unveils first-ever Local Foodie Heroes Hall of FameSingapore’s most beloved local F&B brands… A delicious tribute to Singapore’s iconic local eats to mark…
  • Restaurant Asia 2025Restaurant Asia 2025: F&B industry gathers at… Co-organised by the Restaurant Association of Singapore (RAS) and IEG…
  • Immersive Experience HubIFF expands innovation center in Singapore with new… Immersive Hub to accelerate innovation, deepen customer collaboration, and strengthen…
  • AoFrio iQAoFrio iQ: Unlocking full-fleet intelligence in… AoFrio, a global leader in commercial refrigeration technology, has unveiled…

Subsribe to Our News Letter

Subscribe To
Our Newsletter


By submitting this form, you consent to receive marketing emails from Asia Food Journal. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

© 2025 Harvest Information. All rights reserved. Privacy Policy.

Disclaimer: Translations on this website are automated using Google Translate. While we strive for accuracy, please be cautious, as machine translations may contain errors. For critical or sensitive content, consider seeking professional human translation. We are not liable for any reliance on the translated content.

Become an F&B industry insider

Your go-to resource for all the latest trends, innovations, and news about the food and beverage industry!

 

By submitting this form, you consent to receive marketing emails from Asia Food Journal. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.