Hershey accused of trying to avoid paying cocoa premium
In a letter to Hershey, Ivorian and Ghanian cocoa regulators accuse it of using the ICE exchange to source unusually large volumes of physical cocoa to avoid the premium
30 November 2020 - 17:14
Abijan/London — Ivory Coast and Ghana are cancelling all cocoa sustainability schemes run by US-based Hershey in the west African countries, accusing the chocolate-maker of trying to avoid paying a cocoa premium aimed at combating farmer poverty.
In a letter addressed to Hershey and seen by Reuters, the Ivorian and Ghanian cocoa regulators accuse Hershey of using the ICE exchange to source unusually large volumes of physical cocoa in order to avoid the premium...
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