Mars, Cargill and Mondelez to donate $600,000 to support Ebola care and prevention efforts in Africa
The World Cocoa Foundation, an industry group made up of heavyweights in the cocoa and chocolate business such as Mars, Inc., Cargill Inc. and Mondelez International Inc., MDLZ +1.62% announced a $600,000 donation to support Ebola care and prevention efforts in West Africa at a meeting on Wednesday. The money was solicited from members and will be divided between several organizations, the WCF said.
Prices for the key-chocolate ingredient surged to 3 1/2-year highs on the futures market late last month on concerns that the deadly Ebola outbreak could spread to Ivory Coast or Ghana, which together produce about 60% of the world’s cocoa. No cases of the virus have been reported in either country to date, but Ivory Coast shares a border with Liberia and Guinea, two of the countries hardest hit by the virus.