Fairtrade Africa’s premium drops by $14 mln due to Covid

It seem that the pandemic impacted global supply chains and Fairtrade was no exception. Fairtrade Africa, a subsidiary of Fairtrade International, has lost about $14 million in premiums in 2020. The organization attributed the loss of revenue on the African continent to the pandemic.

In Fairtrade Africa’s Annual Report for 2021, the earnings fell from about $64 million in 2019 to about $49 million generated in 2020. Cocoa, followed by flowers, were the highest premium earners for Fairtrade.

Fresh fruit came third with about 370,000 metric tons. But it increased from about 190,000 metric tons in 2019. Dried fruits were the least produced crop with 12 metric tons.

Fairtrade Africa products include banana, cocoa, sugarcane, coffee, dried fruit, nuts, cotton, tea, vegetables, wine grapes, herbs and spices.

Source: myjoyonline.com

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