Fair Trade in Food and Agricultural Products
The value, variety, and source of fair trade food and agricultural products have grown significantly over the past few years. In 2010, global retail sales topped $5.8 billion, a 5-year compound annual growth rate of nearly 30 %. The USA accounted for more than $21 million in 2011, yet remains relatively underdeveloped compared to key European nations (particularly the UK and Germany). The most commonly sold Fair Trade products at the consumer level are coffee, bananas, and chocolate (or rather cocoa as the primary Fair Trade ingredient), followed by tea, fresh fruit, and cane sugar. Flowers and plants, cotton, wine, and honey have also seen sales growth over recent years. The top source nations in Latin America are Peru, Dominican Republic, Columbia, Honduras, and Mexico, and in Africa Kenya and Ethiopia generate significant sales. This entry introduces the reader to the scope of food Fair Trade and its documented...
KeywordsCorporate Social Responsibility Supply Chain Fair Trade Fair Price Fair Trade Product
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