WhatFinger

True vanilla beans remain an inordinately expensive commodity, exceeded only by saffron

Vanilla Insufficiency


Vanilla InsufficiencySpeculation? Meteorology? Theft? Poor cultural practices? Unstable supply? Increased demand? By end of March this year there was said to be a shortage of real vanilla, one of the world's most desirable #. Prices were being quoted at US$600 per kilogram compared with US$540 for a similar weight of silver. Yet two months earlier, as the new year began, industry source Food Processing, was reporting price and supply were stabilizing. A year before, main supplier Madagascar had been hot by a serious cyclone. Experts predicted one-third of the island's vanilla crop was destroyed. Yet the impact was not so heavy, according to Aust & Hachmann, a Quebec vanilla bean broker. Nevertheless, warned Food Processing, 'this is a market that has been notoriously unstable.'
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