PepsiCo, IDB Partner To Push Socio-Economic Growth In Latin America, Caribbean With Sustainable Sunflower Production

PepsiCo, Inc. and the Inter-American Development Bank (IDB) signed a partnership deal seeking to promote sustainable sunflower production to aid social and economic development in Latin America and Caribbean. A project launched in Mexico aims to significantly increase commercial high-oleic sunflower production in the country and provide a source of income for 850 farmers and their families, with PepsiCo guaranteeing to purchase all output for the manufacture of PepsiCo snacks in Mexico. IDB and PepsiCo will expand the partnership to include other projects such as the Waste Pickers recycling program in Peru and Colombia.