The FLO (fair trade labelling organization) is raising the fair trade minimum price for bananas by 21.2%. The FLO says that this is necessary, because they want to protect their producers.
The banana producers have to struggle against the rising cost of production and the banana price war. The current banana price war is pushing the farmers into deeper poverty by selling bananas below production cost. In October, a UK discounter even cut the banana prices to £0.38/kg!
The fair trade standards don’t only make the farmers better, they also guarantee the quality of the product.
With this price increase, FLO is asking the governments to undertake steps to end the price war, so the farmers can live a better life.
Evelien Rooman
source: www.fairtrade.net
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