On 2018-05-07 10:44 AM, gloria p wrote:

>
> There have been crop problems with vanilla growers all over the world,
> causing the price to skyrocket.Â* I wonder whether it's true or growers
> have just agreed to raise prices.Â*Â* Vanilla is grown in so many places
> it's unlikely all crops would fail at once.
>

It was discussed her recently. Vanilla prices have been soaring for more
than a year because of a shortage in Madagascar, where 3/4 of the
world's vanilla is produced. It takes three years for an orchid vine to
grow beans, so even if produces planted more crops it will take that
long before the supply increases. The market is very volatile and they
may not be interested in expanding production if they are expecting the
market to crash.

I read an article a couple months ago about the increasing number of
thefts of vanilla beans. Some farmers are picking the beans before they
fully mature because they are afraid that if they leave them to ripen
thieves will grab them.


https://www.cbsnews.com/news/vanilla...-up-us-prices/