Gimme! Coffee reposted this
....But the global coffee industry generates more than $200 billion per year. Where does the remaining $3.96 from your cup of coffee go? It gets divvied up between shops, roasters and intermediaries. We’ve all got expenses to cover, but farmers are facing the costs of adapting to climate change alongside steep inflation--and the average coffee farmer’s income has not changed in the last two decades. There’s no doubt about it; farmers need higher prices. In 2023, the Fairtrade Minimum Price for coffee increased: 29% for Arabica beans and 19% for Robusta beans, plus a 33% increase to the organic differential. So what exactly is the Fairtrade Minimum Price? It is a crucial financial safety net for farmers when it comes to selling their goods and helps cover basic production costs to keep farms running. This safety net helps coffee farmers better adapt to the uncertain times we are living in, while leaving the door open for them to earn more when market prices are above the Fairtrade Minimum Price. This is an essential tool that coffee farmers must be allowed to leverage in order to find renewed stability in their profession. Stat Source: The World Bank #ChooseFairtrade #FairtradeCoffee #TradeJustice #theFutueisFair