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Sign TransFair USA's License/Certification agreement to become a
licensed importer or processor. |
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Purchase cocoa beans from licensed Fair Trade cooperatives, or chocolate/cocoa powder from manufacturers certified by TransFair’s umbrella organization, Fairtrade Labeling Organizations International (FLO).
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Pay at least the Fair Trade minimum price
to cooperatives. This is an internationally standard minimum
price set by FLO at US$1750/ metric ton, or US$1950/ metric ton
if the cocoa is also certified organic. If the world price (New
York Board of Trade price) rises above US$1600/mt, the Fair Trade
price is equal to the world price plus a US$150 premium for conventional
cocoa and a US$200 premium for organic. For example, if the world
market price is US$2000/mt, the Fair Trade price is US$2150/mt (US$2350/mt
for certified organic). |
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Pay a certification fee to TransFair of US$0.10/lb. on Fair Trade Certified chocolate/cocoa product
purchases. |
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On request of the producer organization, make available up to 60% of the value of the contract in prefinancing or other credit facilities. |