Fairtrade Foundation

Sales of Fairtrae Products Deeply Affected by Recession

Sales of Fairtrae Products Deeply Affected by Recession

As has been revealed by official figures shared, the explosive growth recorded by Fairtrade over the years managed to slow across UK during the past year, as shoppers thought before buying expensive ethical items in wake of the global recession.

As has been confirmed by the Fairtrade Foundation, overall, sales of the group hiked by 12% to about 799 Million Pounds, with tea and coffee faring well, but cotton falling.

The low rise in sales figures has come after a high recorded growth of 71% for the year 2007 and 45% in 2008.

Fair trade product sales climb 12% in Britain

Fair trade product sales climb 12% in Britain

British sales of fair trade products jumped 12 per cent to 800 million pounds during 2009, the Fairtrade Foundation said.

The organization said that the jump in the fair trade sales depicted that consumers had remained "staunchly loyal" previous year. It further added that conditions for producers in developing countries were "desperate" due to global economic slump.

Syndicate content

Latest News

Pinterest tweaks pins to provide more details on showcased items
South Australia’s first Apple Store to open at 10a.m. on Saturday
Samsung launches Galaxy S4 compatible TecTile 2 tags
Soaring gas prices surprise market watchers
Recon comes up with Google Glass-like product
Netflix and YouTube consume nearly half of US internet capacity: study
Google commemorates Atari Breakout’s 37th anniversary
New York AG wants leading mobile makers to help tackle problem of device theft
Amazon agrees to acquire Samsung's Liquavista business
Google all set to launch centralized gaming hub for Android: suggests leaked APK
Snapchat app stores users’ images
Verizon: Nokia Lumia 928 to be available from May 16