What is Fairtrade premium?

The Fairtrade mark means: A minimum price is paid to Fairtrade producers covering their costs of production. The producers receive an additional Fairtrade Premium, an extra amount of money to invest in their communities on economic, social and environmental projects.

What does Fairtrade premium mean?

Over and above the Fairtrade price, the Fairtrade Premium is an additional sum of money which goes into a communal fund for workers and farmers to use – as they see fit – to improve their social, economic and environmental conditions.

What is Fairtrade Premium used to buy?

What is the Fairtrade Premium? It's what makes Fairtrade unique. It's an additional sum of money paid on top of the Fairtrade minimum price that farmers and workers invest in social, environmental and economic developmental projects to improve their businesses and their communities.

Why are Cadbury products no longer fairtrade certified?

with Fairtrade

By 2019, all Cadbury chocolate in the UK and Ireland will display the Cocoa Life branding, symbolising the adoption of the programme across the Cadbury range. As a result, the selected Cadbury Dairy Milk products that were previously Fairtrade certified will no longer carry the FAIRTRADE Mark.

What has the Fairtrade premium been spent on?

In 2023, hired workers spent the major part of their Fairtrade Premium on social investments including education, housing, and health services, as well as financial benefits and training.

What Is The Fairtrade Premium? - Central America Uncovered

What is the most bought Fairtrade product?

Two new YouGov research studies commissioned by the Fairtrade Foundation show that Britain's most popular Fairtrade buy is bananas (57%), closely followed by chocolate (54%) and coffee (43%).

Is Fairtrade worth it?

Good for farmers and workers

Unique among certification schemes, farmers and workers have equal representation in how Fairtrade is run. For farmers and workers, Fairtrade means: Better prices and the Fairtrade Premium to invest in their businesses and communities.

Is M&S chocolate Fairtrade?

How does M&S support Fairtrade? We are one of the leading Fairtrade retail supporters, having worked in the partnership for more than two decades. We were also one of Fairtrade's earliest retail supporters and now sell more than 200 Fairtrade-certified products, including chocolate, wine and sugar.

Are Kit Kats Fairtrade?

Farmers will no longer be selling on Fairtrade terms, or receiving the benefits summarised above. Nestlé are now sourcing sugar beet from Europe in place of sugar cane, so sugar farmers will no longer sell their sugar to go into KitKats, or receive the Fairtrade Premium.

Why do people not buy Fairtrade?

Critics of the Fairtrade brand have argued that the system diverts profits from the poorest farmers, that the profit is received by corporate firms, and that this causes "death and destitution". Evidence suggests that little of the extra money paid by consumers actually reaches the farmers.

How can you tell if a product is Fairtrade?

The FAIRTRADE Mark is a registered certification label for products sourced from producers in lower income countries. The Mark is used only on products certified in accordance with Fairtrade Standards and on promotional materials to encourage people to buy Fairtrade products.

Why is Fairtrade so expensive?

- Independent certification, auditing and traceability programmes, and product licensing and labelling cost money to implement, and these costs are built into the prices of the product through the supply chain.

Are Fairtrade products better quality?

Farmers are involved and invested in the entire production process, and crops are grown and harvested in smaller quantities. As a result, Fair Trade food is fresher and tastier.

What does it mean if a company trades at a premium?

A premium in the stock market is the extra amount investors pay above a stock's intrinsic value, indicating higher demand and confidence in its future performance.

What does it mean when something trades at a premium?

If the share price is higher than the Net Asset Value, then the unit or shares are trading at a premium and conversely, if the share price is lower than the Net Asset Value, the unit or share is trading at a discount.

Does Fairtrade certified mean anything?

More simply, having the Fairtrade Mark on your products means that the farmers and workers that grew your product are getting a fair deal on their goods, the farms are prioritizing workers' rights and following set environmental standards.

Why is Cadbury no longer Fairtrade?

Cadbury alters Fairtrade partnership in an effort to boost sustainable cocoa sourcing. British confectionary giant Cadbury is extending its Cocoa Life sustainability initiative across all of its chocolate products in UK and Ireland by 2019, and will utilise the expertise of Fairtrade as a key partner in the programme.

Is Aldi a Fairtrade company?

Our Promise to the Planet. We have a responsibility to you and the world around us. ALDI is committed to offering seafood from sustainable sources. Look for products at ALDI with the Fair Trade Certified logo to support quality products that improve lives and protect the environment.

Why is KitKat a boycott item?

West Papuan Indigenous people call for KitKat boycott over alleged ecocide. West Papua's Indigenous people have called for a boycott of KitKat, Smarties and Aero chocolate, Oreo biscuits and Ritz crackers, and the cosmetics brands Pantene and Herbal Essences, over alleged ecocide in their territory.

Are maltesers Fairtrade?

In 2011, the product gained Fairtrade accreditation in the UK and Ireland by sourcing all their cocoa and sugar under Fairtrade Terms. In 2016, Maltesers' commercials in the UK began featuring disabled actors, including actress Storme Toolis, which have promoted the brand.

Which supermarkets sell Fairtrade products?

Is Lidl chocolate Fairtrade?

Fairtrade Cocoa and Sugar

Over 120 of the products that we sell contain cocoa, representing more than 5% of our total range. Fairtrade Certified cocoa is part of Lidl's wider commitment to source sustainable cocoa. 100% of our Deluxe Confectionery range cocoa is Fairtrade Certified.

What are the downsides of Fairtrade?

Disadvantages of Fair Trade:

- The product is usually a higher price than a non-fair trade product - the customer pays more meaning often the products do not sell and the farmers do not make the money they thought they would.

Is Toblerone Fairtrade?

In July 2020, Nestlé was added to the list of chocolate companies cutting ties with Fairtrade. The multinational decided to stop sourcing Fairtrade cocoa for its KitKat brand . Mondelez made a similar decision back in 2016. It stopped certifying its popular Toblerone and Cadbury brands with Fairtrade.

Who owns Fairtrade?

50% of Fairtrade is co-owned by farmers and workers

There are 1.9 million farmers and workers in organisations across the Fairtrade system. Farmers and workers co-own Fairtrade, having 50 percent of the vote at the General Assembly which, along with the Board of Directors, governs the international Fairtrade scheme.