The continued recovery in global vanilla production, along with improved quality of 2019/20 beans, has brought prices below half their peak, near $600, seen a few seasons ago. Madagascar’s government has set a price floor of $250 kg for its vanilla beans, and the [...]
After vanilla saw its astonishing price hike, even premium ice cream makers and head chefs at top-end restaurants admit to thinking twice about their use of vanilla in recipes. Chefs will use less paste now, little extract, and beans only sparingly or not at [...]
Given vanilla’s economic importance, the Malagasy government has made moves to manage the vanilla market and foster crop production and quality. For example, the deadline for export selling of the old crop was extended by one month to encourage the selling of older beans, [...]
Questions over the recovery in vanilla production in Madagascar, the world’s top grower, are helping support the elevated pricing of recent years. After dipping closer to US$550 per kg of vanilla beans at the end of last year, pricing is now reported back above [...]
