Nestle talks Fair Trade

I was reading around the coffee world and found this information from Sudan Tribune. Ethiopia's biggest coffee cooperative union said on Tuesday it expects to start discussions in December with Nestle for higher prices for its beans under a Fairtrade system. I am very excited to see the giant, Nestle, begin to talk a Fair Trade deal with the Ethiopian coffee union. This is one of myfavoritey coffee regions and the fact that they are going to be in a Fair Trade Deal, at least moving that direction, with a company as big as Nestle, is great to hear and see. Officials said on Friday Fairtrade coffee, which up to now has mostly been marketed by small groups trying to give impoverished farmers a bigger cut of the pie than food giants like Nestle, would land in British supermarkets with the Nestle brand in two week’s time. It is great to see these big companies beginning to care more for the coffee farmers themselves. Here is the importance of having a Fair Trade deal in place: Coffee farmers are just emerging from a crisis caused by oversupply and a slump in prices to a 30-year low in 2001. With Fairtrade they are protected from the fluctuations in the world market by a minimum price of 121 cents a pound plus a 5-cent premium. Arabica currently trades. I look forward to seeing the details of this partnership in the near future. ~~be bold