Young plant material Premium, 14 May 2019
14 May 2019
On 11 October 2018, S&P announced the results of the review of Fairtrade Premium for flowers and young plant material, including a change in the Fairtrade Premium for young plants from 10% of the commercial price to 0.01 Euros per unit.
This announcement was later withdrawn to allow for sufficient time to work out a proposed initiative to scale the Fairtrade Cents Pilot from its current pilot form to include the entire young plant sector.
During its meeting that took place on 20-21 March 2019, the Standards Committee discussed the young plant initiative on living wages and decided on the implementation of the Fairtrade Premium for young plants.