Significant increase in the price of vanilla

By: Trademagazin editor Date: 2017. 04. 26. 11:10

The vanilla prices rose to a record high after a cyclone caused serious damages in Madagascar, the world’s largest vanilla producer. Expansion can also affect ordinary consumers.

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The price of vanilla rose to 600 USD per kilogram, due to the bad weather in Madagascar – the Financial Times quotes Craig Nielsen, the expert of Nielsen Massey.

The raw material used for ice creams, chocolates and perfumes already increased dramatically over the past years. (investor.hu)

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