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Ivory Coast to lift suspension of Hershey cocoa sustainability scheme

Ivory Coast to lift suspension of Hershey cocoa sustainability scheme

ANGE ABOA  IVORY Coast will lift a suspension on cocoa sustainability schemes run by U.S.-based Hershey on its territory that it imposed earlier this week, according to a letter addressed to the chocolate maker and seen by Reuters. On Monday, Ivorian and Ghanaian cocoa regulators suspended the schemes, accusing Hershey of sourcing large volumes of physical cocoa on the ICE futures exchange to avoid paying a premium aimed at combating farmer poverty, known as a living income differential (LID). Hershey, makers of such popular candy items as Hershey chocolate bars, Hershey's Kisses and Kit Kat, said it was fully participating…
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