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The agreement also set a minimum price, which currently exceeds the United States price by 30percentt.
The Fairtrade premium gives workers 10% on top of a guaranteed minimum price which can be used to invest in the community or business.
Fairtrade is one solution, said Villela, as the certification provides a minimum price which buffers some of the effects of price volatility caused by the impact of weather on crop supply.
Out of 140 Chinese solar panel exporters, 50 refused to accept the minimum price, which means that they will face a prohibitive 47.6 percent tariff on any further shipments to the European Union.
The auctioneer and the vendor work together to agree on a guide price (which is usually set low to try and stimulate interest) and a confidential reserve price (the minimum price which the vendor will sell at).
Nicola Sturgeon, the Scottish health secretary, signalled that she plans to confront the alcoholism and binge drinking endemic in some parts of Scotland by introducing a minimum price which is higher and more wide-ranging than the 45p she had previously planned.
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Minimum pricing, which made its second passage through parliament after it was defeated in 2010 when the SNP was a minority government, will be ditched after six years if the policy fails, under a "sunset clause" in the legislation.
The wheat and rice help meet the needs of its food subsidy programs, provide a buffer stock in case of a drought and guarantee farmers a "minimum support price," which often is higher than the market price for grain.
Christopher Reuning, the rare-instrument dealer in Boston who handled the sale, said on Saturday that the cello had been sold last week for "a fair bit above" the minimum bid price, which was slightly over $6 million.
The most the government is willing to do is guarantee a minimum carbon price, which should boost all low-carbon technologies equally.All very admirable, but such talk doesn't go down well with the nuclear men, and there is plenty of lobbying going on behind the scenes to try to water down the government's approach.
In autumn 2008, however, Christie's and Sotheby's had to pay out at least $200m on works for which they had guaranteed a minimum price but which failed to sell when the market turned.
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