How much money does Fairtrade make?
In 2018, more than £166 million of Fairtrade Premium was generated through sales and given back to communities. Listen to Fairtrade tea farmers explain the impact of Fairtrade Premium.
How does fair trade earn money?
The Fairtrade Foundation receives a licence fee, paid by companies using the FAIRTRADE Mark on their products, which constitutes over 85% of the Fairtrade Foundation’s income. We also receive donations from individual supporters, schools, faith groups, workplaces, Fairtrade Towns and other community organisations.
Does Fairtrade make a profit?
Fairtrade is about a promise for fair value to the producer, not a fair price to the consumer.” He added: “Until you have the whole value chain, especially retailers, buying into Fairtrade and taking lower margins so they can pass on as much profit as possible, Fairtrade can never make more than a marginal difference.”
Who profits from fair trade?
Since 1998, farmers, workers, and fishermen (collectively referred to as producers) have earned a total financial benefit of $830 million through sales of Fair Trade Certified products, including over $534 million in Community Development Funds and $296 million as a result of the Fair Trade Minimum Price.
What’s bad about fair trade?
The costs of these standards can be quite high, meaning that although you have more chance of selling your produce, the cost of maintaining standards can sometime actually outweigh the amount made by selling your produce, therefore making Fairtrade detrimental to the livelihood of the Fairtrade farmers.
Why should we buy fair trade?
1/ Fair Trade means fair pay and better working conditions for producers in the developing world. Fair trade products are made in safe and healthy working conditions. Fair Trade discourages forced labour and exploitive child labour. Fair Trade support sustainable practices that minimize the environmental footprint.
What are the main features of fair trade?
Characteristics of fair trade include fair wages, cooperative workplaces, consumer education, environmental sustainability, direct trade, financial and technical support, community development, respect for cultural identity, and public accountability (transparency).