Rice Price setting model
8 Nov 2019
On 25th September 2019 the Standards Committee decided on the Pricing Setting Model project for rice products.
The feedback from the consultation was that the clear majority of stakeholders wanted to keep Fairtrade Minimum Prices and Premiums for rice, and that there should be more consistency in our pricing model for this product group. Taking this and other feedback into account, all of the rice products will now have a Fairtrade Minimum Price (FMP) and Premium (FP). Other decisions were taken in order to align all prices for rice. Please see the detail decisions and update of prices in the attached Rice Price Announcement from Fairtrade International Standards & Pricing.