Foodies and Foodservice Celebrate Vanilla Prices Coming Back Down to Earth After Years of Record Highs
EUGENE, Ore., Dec 08, 2020 (SEND2PRESS NEWSWIRE) — Starting in 2016, global vanilla prices skyrocketed when below average harvests in Madagascar and Indonesia coincided with increased consumer demand for natural flavors and “clean” labels, notes Singing Dog Vanilla. What began as unusually high vanilla prices quickly became unsustainably high prices with 2019 global vanilla prices surpassing the value of silver ounce-for-ounce. “While farmers reaped the benefit of spectacularly high prices for their vanilla crop, theft and violence became a problem causing farmers to hire security gua...
Source: massachusettsnewswire.com