Fairtrade coffee prices go up to ensure an even fairer deal for growers

Here's a bit of good news for coffee workers worldwide: the price of Arabica coffee beans are set to increase from June 2008 to ensure that farmers continue to receive a price which covers the cost of sustainable production.

Producers will now receive a guaranteed minimum price of at least US $1.25 per pound of Fairtrade certified Arabica coffee and US $1.20 for unwashed Arabica coffee, or the market price, if that is higher. They will also continue to receive an additional Fairtrade Premium of 10 cents per pound for investment in community and business improvements.The price adjustments are based on extensive research into the real costs of sustainable production to ensure that Fairtrade continues to address the needs of coffee-producing. communities.

It's good to know that criteria for the Fairtrade mark is constantly being updated and that the prices reflect a realistic estimate of how much farmers need to put food on the table.

[Via New Consumer]

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