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GCSE Geography · key term
Extra money paid to producers, in addition to the product price, which farmers and workers decide how to invest.
Used by OCR
Specification 8.2c · Paper 2, Paper 3
Revise: Sustainability Frameworks and Ethical ConsumerismThe Fairtrade Premium is separate from the product price. It is extra money that farmers and workers decide how to invest. Possible uses include schools, healthcare and farming improvements.
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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