Fair trade price

A fair trade price is the price paid for certain types of agricultural goods from developing countries that exceeds a minimum threshold. The price is paid by importers, who then market the purchased goods as Fair Trade Certified products and sell them at a higher-than-market price. The prices at which the goods are purchased are set by FairTrade International.

This pricing threshold is set in the belief that people in developing countries should be paid a fair amount in order to have a reasonable standard of living.