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Wednesday, October 26, 2011

Kraft Foods Introduces New Cocoa Scheme

In a commitment with the United States Agency for International Development (USAID), the Cocoa Partnership initiative of Kraft Foods is planning to increase the yield and quality of Dominican cocoa.

The program will provide training on farming techniques for about for about 10,000 small-scale cocoa farmers in the country.

Bharat Puri, senior vice president, global chocolate, Kraft Foods said, “The challenges facing today’s cocoa farmer cannot be solved by any one company or organization. Only by working together – public and private sectors along with farmers and civil society – will we be able to make the difference that’s needed.”

Kraft Foods Inc. stocks were at 34.85 at the end of the last day’s trading. There’s been a 0.0% change in the stock price over the past 3 months.

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Source: eMoney Daily

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