How does Fairtrade chocolate help farmers?

Fairtrade cocoa farmers are paid a Fairtrade Minimum Price for their goods, which acts as a safeguard when market prices drop. Organic production is incentivized with a higher Minimum Price. On top of the Minimum Price, farmer organizations also receive a Fairtrade Premium which they invest in projects of their choice.

How do cocoa producers benefit from Fairtrade socially?

Most are small-scale farmers who live on very low incomes, and Fairtrade enables them to trade their way out of poverty, by helping to ensure they have stable incomes and long-term contracts with companies. …

What is special about the cocoa in Ghana?

The world largest irrigation scheme of cocoa is Ivory Coast, Ghana is the second largest cocoa exporter in the world. Cocoa cultivation is not native to the country; Ghana’s cocoa cultivation, however, is noted within the developing world to be one of the most modeled commodities and valuables.

Why is Fairtrade chocolate important?

Fair trade chocolate is chocolate that is made with cacao beans from farmers who are paid a fair price for their crop, instead of the low price set by the market. This allows farmers to lift themselves out of poverty and build a better life for their families.

What is the Fairtrade minimum price for cocoa?

Fairtrade International will raise the Fairtrade Minimum Price for conventional cocoa from $2,000 to $2,400 per metric tonne at the point of export (FOB), marking a 20 percent increase.

Why cocoa is so important?

Cocoa powder is rich in theobromine, which helps to reduce inflammation and can protect you from diseases such as heart disease, cancer, and diabetes. Since cocoa is rich in phytonutrients but low in fat and sugar, the calories you get from cocoa powder will be packed with healthy chemicals.

Which chocolate is not Fairtrade?

So for example, although all of Green & Black’s chocolate (within the UK) is certified as Fairtrade, the majority of Mondelēz’s chocolate (the company group behind Green and Black’s) is not Fairtrade.

How do you know if chocolate is Fairtrade?

Another way is by looking at the individual chocolate bar’s wrapper or the brand’s website for certification labels and logos. A few to look out for are Fair Trade Certified, Fair for Life, and Rainforest Alliance Certified Cocoa.

How much money do cocoa farmers get paid?

The average farmer will make between $1,400-$2,000 profit a year, at most about $5 a day, which will need to support 6-10 dependants. So a cocoa farmer and their dependants will be living on between $0.50-$0.84 a day, well below the World Bank’s extreme poverty line of $1.25 a day.