:. Food Industry News


Sales of Ethical Fairtrade Label Rise Sharply

Source: Reuters
22/05/2008

London, May 22 - Global sales of the ethical Fairtrade label rose by 47 percent last year, with juices and sugar among the fastest growing products, figures released on Thursday showed.

Daily News Alerts

Worldwide consumers spent more than 2.3 billion euros ($3.63 billion), with the United States at 731 million euros and Britain at 704 million euros by far the most important markets, the report, issued by Fairtrade Labelling Organizations International, said.

The consumer label, which covers a wide range of products including fresh fruit, coffee and flowers, aims to give a better deal to workers in developing countries.

"The (Fairtrade) premium has enabled members to build new schools, provide clean water and improve health for their communities," Raymond Kimaro, chairman of the African Fairtrade Network (AFN), said in a statement.

"However, more is needed. Some groups are still selling just a small percentage of their produce to Fairtrade. It is crucial to grow the Fairtrade market so that these producers can benefit more from Fairtrade sales."

Sales of Fairtrade juices almost quadrupled, sugar doubled and bananas rose by 72 percent.

Coffee, the first and one of the most established Fairtrade products, saw growth of 19 percent, the group said.

Sweden was the fastest growing market, with Fairtrade sales climbing 166 percent to 42.5 million euros, while Switzerland had the highest per-capita consumption in the world, spending an average of 20.8 euros on Fairtrade products.



GO   View more articles on this subject


More Alerts from 23/05/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Sugar, Coffee Sideways, Eye Storm in Nicaragua
Sugar, Cocoa, Coffee Fall as Dollar Firms
AGRANA Results of First Six Months Confirm Stable Business...
Colombia Coffee Exports Return to Normal
Storm Felicia Menaces Hawaii Sugar, Coffee Areas
AGRANA: Significant Earnings Improvement in the First...
Robusta Coffee Sets New Lows, Raw Sugar Rises
Raw Sugar Jumps to Highest in Nearly 3 Years
Arabica Coffee Slips from Nine-Month Peak
Agrana Results for 2008|09 Financial Year

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228