Have you noticed that the cost of cookies, cakes and ice creams have gone up? Most desserts use vanilla, and vanilla prices have skyrocketed since 2014. Could that be it? And why is vanilla getting so expensive? The answer may surprise you. Read on.
Like everything else, the cost of vanilla is affected by supply and demand, and today the vanilla supply is down – WAY DOWN. The reasons will surprise you!
Tropical farmers who grow coffee, cacao, vanilla, sugar and a few other crops, constantly face fluctuating prices for their crops due to supply and demand. And because vanilla is by far the smallest of the tropical luxury crops, the vanilla industry faces dramatic fluctuations.