Fair Trade USA raises cocoa price minimums
June 12, 2019
1:34 am
Fair Trade USA will increase the floor price and fixed premium it requires companies to pay cocoa farmers under its certification system, the organization said on Tuesday.
The increase is designed to improve livelihoods in a sector that has long grappled with farmer poverty, child labor and deforestation
The nonprofit will increase its minimum price for conventional cocoa to $2,400 per tonne from $2,000. For organic cocoa, the price will be $300 over this minimum or the market price, whichever is higher at the time. The premium, which is used to fund community projects, will increase to $240 per tonne …
