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GCSE Geography · key term
A price safety net that protects producers when market prices fall, while allowing them to benefit when market prices rise.
Used by OCR
Specification 8.2c · Paper 2, Paper 3
Revise: Sustainability Frameworks and Ethical ConsumerismThe Fairtrade Minimum Price provides a safety net when market prices fall. It does not prevent producers benefiting from higher market prices. More reliable returns can make it easier for farmers to plan, support their households and invest in their farms.
Distinguish the Fairtrade Minimum Price from the Fairtrade Premium: one provides a price safety net; the other funds investments chosen by producers.
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