Fair trade, a popular concept among consumers in western Europe and the US, ensures everyone involved in the making of a product is fairly paid; there is no child labour or forced labour; there is gender equality; and there are no damages to the environment. Understanding the concept: The movement was born out of concerns…… Continue reading Fair Trade: A relentless idealism or a way of creating sustainable agri value chain?
Situation 1: General variety produced by small scale unorganised farmers. This can result in plentiful supply and lean demand. plentiful demand and lean supply. Glut in supply, crash the prices and low production results in lower income for the producers respectively in the above two scenarios. Situation 2: Specific varieties grown by a farmer and…… Continue reading Applying concept of Intellectual Property Rights (IPR) to balance demand & supply in agriculture