Fairtrade International has launched a major new initiative in the drive to deliver decent incomes for workers on Fairtrade certified banana plantations across the world.
Fairtrade’s sustainable offer to achieve living wages, living incomes and resilient banana supply chains is launched today at the global Fruit Attraction expo in Madrid. It aims to ensure that banana workers earn as a minimum the living wage for their country, whilst helping retailers fulfil their commitments to a sustainable banana industry.
More than 35,658 workers and farmers employed by 265 Fairtrade banana producers stand to benefit. The offer combines three elements - the Fairtrade Minimum Price (FMP), Living Wage Reference Price (LWRP), and Fairtrade Living Wage Differential (LWD) - designed to make both living wages and resilient banana supply chains a reality.
“Our key commercial partners are increasingly demanding the tools and the data to enable them to fulfil their commitments to pay a fair price so that banana workers can earn a living wage,” said Silvia Campos, Fairtrade International’s Senior Advisor for Bananas. “Our unique offer is a game-changer for workers, traders and retailers.”
“Fairtrade is working to strengthen protection for banana producers, workers and their families as they struggle to cope with mounting economic costs, climate change, human rights risks and the need to adopt more sustainable agricultural practices,” added Campos. “Despite some slight reductions in the price of fuel and fertilisers, banana producers are still suffering from post pandemic losses. They simply can’t afford to pay higher wages or invest in the future of their farms.”
Fairtrade is the only global standard which calculates a publicly available LWRP to enable the industry to close the gap towards living wages. An elected workers’ Premium Committee on each plantation can also distribute additional cash payments from the Fairtrade Premium - the extra amount earned by selling on Fairtrade terms - to close the living wage gap.
The new service allows the easy and distribution of voluntary payments from retailers to workers, and the verification and reporting of payment receipts. Fairtrade has also developed a new banana dashboard with all the necessary data to enable traders and retailers to report progress back to their stakeholders.
At the same time, Fairtrade has announced an average increase of 0.2 percent in the Fairtrade Minimum Price for ‘free on board’ bananas (the purchase price for importing traders) which comes into effect from January 2024. The Fairtrade Premium - the additional US$1.00 per box of bananas sold - remains unchanged.
Click here to read the associated press release.
For more information: 
[email protected]