to avoid paying the additional cost, Reuters reported. Hershey said in a statement at the time that it would not discuss details of its specific buying and hedging activities. The company told the news agency it bought cocoa "from a variety of suppliers and sources," including some that saw it pay Ghana and the Ivory Coast's LID premium.
"Producing cocoa is a culture in Ivory Coast, we produce the most in the world so it's not going to disappear overnight," she told CNBC. "At least every family has a person that produces cocoa – it's what we love to do, it's our job, it's in our hearts." Paul Schoenmakers, head of impact at Tony's Chocolonely, accused so-called Big Chocolate of "turning a blind eye" to the plight of African cocoa farmers "in quite a terrible way."
"Given that this sector is super rich, they'd still make massive profits every year," Schoenmakers said. "This is about shipping part of the value to the first part of supply chain, the cocoa farmers, and it's the right thing to do."
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