Cost of vanilla incresed by 150 percent in one year - ice creams also to become costly

Madagascan vanilla prices have gone up by nearly 150 per cent in one year due to a poor harvest and this soaring cost of vanilla could have a direct bearing on the price of ice-cream - it will push up the price of ice cream. Other sources for vanilla are Mexico and Tahiti, but the flavor of Madagascan vanilla is the reason of why it is the first choice for ice cream.. Obviously, manufacturers have little choice but to buy it at an inflated price.
This has been reported in dailymail.co.uk dated 26 March 2016.

Apart from short supply in general, there are fears of further price rise due to a likely shortage of food-grade supplies. In the opinion of experts, when prices are high farmers are tempted to pick beans early. It affects the flavor which becomes less intense.
As one brand of ice cream has indicated - the cost of vanilla extract was £27 a liter in February and it has now gone up to £60. Another firm has said that Madagascan vanilla beans were sold for £144 for 1kg (just over 2lb) in January as against £59 at the start of 2015.


Image courtesy wikimediacommons.org

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