Sustainable trade (Social)
Urmatt, Limited was founded in 1999 by Arvind Narula, a Thai farmer with a deep connection to the community. Urmatt produces and processes fully certified organic rice, while also producing chia and coconut during the rice off-season and sells the rice largely to the USA, Denmark, and Germany.
It is located in the northern region of Thailand and has grown to become one of the largest organic jasmine rice producers in the world. Urmatt’s transition to 100% organic operations has made it a leader in its environmental practice.
Trade finance from Triodos Sustainable Trade Fund enables Urmatt to increase its organic rice activities and expand its product line while paying farmers a fair and immediate wage upon delivery. A loan from Hivos-Triodos Fund is used to expand Urmatt’s processing capacity.
KEY INDICATORS as of 31 December 2015:
- number of farmers: 1,801
- number of hectares: 2,200 hectares of sustainably
Smallholder farmers in developing countries do not necessarily reap the rewards of a complex international trade system. So, by financing fair trade enterprises we aim to make sure that individuals and their families are paid fairly for their products.