The following post was written by Daniel Fireside, Equal Exchange Capital Coordinator
What do interest rates have to do with the price of coffee? Why do we care and who decides these things anyway?
As many of you know, coffee is a commodity and as such, is traded on the stock market. The Fair Trade system broke from the New York “C” market and set up its own, higher prices. Direct relationships allow producers to negotiate contract prices with their buyers.
“I Support Fair Trade,” says the banner. World Fair Trade Day isn’t just celebrated here in the North. All over the world, small farmer organizations also celebrate World Fair Trade Day at fairs, festivals, and other events. Last Friday, Brenda Ceren, of Aprainores and Eduardo Murcia, Treasurer of Aprainores’ Board of Directors joined small farmer coffee farmers at a Fair in San Salvador, sponsored by Fairtrade International and the Latin American Coordinating Body of Fair Trade Producers.
Call for Solidarity with the small farmers’ organization, NORANDINO
Last March 23, NORANDINO was decertified abruptly by the fair trade certification body FLO-Cert.
NORANDINO is member of FUNDEPPO, Foundation of Organized Small Producers; the organization behind the SPP (Small Producers’ Symbol).
NORANDINO, formerly known as CEPICAFÉ, is an organization with a history of twenty years as a pioneering and exemplary organization of small fair trade producers in the area of Piura, Peru.
I’m on my way to El Salvador and Honduras to visit our cashew co-op partners. Sadly, we got word last week that “unseasonable” rains and winds have destroyed 75% of this year’s cashew crop and the co-op in Salvador (Aprainores) has had to shut down their processing plant after just two weeks; laying off the 60 or so women whose income depends on the plant. Instead of the 60,000 or so pounds of cashews that Aprainores was planning to export this year, they will export nothing.
Very sad indeed.