Ice cream and cake makers hoping for cheaper vanilla will be disappointed as uncertainty about this year’s crop in the world’s top grower Madagascar has driven the price of the spice back to record levels.
Vanilla prices soared to its record $600 a kilogramme last year after a cyclone hit the tropical island off the south-east coast of Africa, sending buyers scrambling to secure supplies of the flavouring extract.
https://www.ft.com/content/1c810c2a-286 ... 62a39d57a0Vanilla is the second most expensive spice after saffron and at current levels is more expensive than silver, which is trading just above $530/kg. Madagascar supplies 75 to 80 per cent of the world vanilla bean market, and other producers including Indonesia and India do not grow enough to make up for sudden fluctuations in Madagascan vanilla pod production.
Almost five bucks a pod on the streets...
https://www.buywholefoodsonline.co.uk/v ... gIY5vD_BwE2x1
£7.77
6x1
£20.70
12x1
£37.29
500g
£768.08
1kg
£1,462.77