Fairtrade International has announced an updated minimum price for bananas, in a bid to better support workers.
The average Fairtrade Minimum price will increase by 4.6% to 6%, depending on the type of supply chain with further variations by origin.
The new minimum prices for bananas will be valid for contracts with producers from 1 January 2026.
The 37,111 farmers and workers supported by this price rise will also receive the Fairtrade Premium, an extra sum of money paid on top of the minimum price that they can invest in their communities or business projects of their choice.
In 2023, Fairtrade banana producers earned more than €35.2 million in premiums.
Fairtrade has also announced it will be publishing the first Fairtrade Minimum Price and Living Wage Reference Price in Ivory Coast, the largest banana exporter in Africa, joining Cameroon, Ghana, Nicaragua, Colombia, Dominican Republic, Ecuador and Peru (organic bananas only) with updated Living Wage Reference Prices.
The organisation is also publishing prices for main inputs and services needed for banana production for each country, which are then used to reflect the minimum price’s critical cost changes and fluctuations.
The Sustainable Banana Programme is also seeking to improve farming practices through soil health management, efficient water use, and building climate resilience.
“Banana producers across main exporting countries are echoing the need of sustainable farming practices, and fair pricing for securing economic viability of banana production,” said Silvia Campos, senior advisor, banana, at Fairtrade International. “Achieving sustainable livelihoods for farmers and workers is at the core of Fairtrade’s mission. Fairtrade’s Sustainable Banana Offer provides all actors in the supply chain a holistic approach to do their part.”
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