Fairtrade Launches its First Living Income Reference Prices for Colombian Coffee
According to Fairtrades analysis, the current market prices in Colombia exceed the new Living Income Reference Prices, but are not guaranteed to last, with farmers bearing the brunt of the uncertainty.
- According to Fairtrades analysis, the current market prices in Colombia exceed the new Living Income Reference Prices, but are not guaranteed to last, with farmers bearing the brunt of the uncertainty.
- The recommended Fairtrade Living Income Reference Price for conventional coffee is 9,900 Colombian pesos (equivalent of approximately US $2.75) per kilogram of dried parchment coffee, and 11,000 pesos (US $3.06) per kilogram for organic.
- Recognizing the different living income benchmarks available for Colombia, Fairtrade has also defined a range of Living Income Reference Prices for Colombian coffee, with the lower end of this range set at 8,570 pesos per kg and 9,500 pesos per kg for conventional and organic coffee, respectively.
- The specific calculations used to establish the Fairtrade Living Income Reference Prices for coffee in Colombia are detailed in an explanatory note, available here .