Find visitors' favorite businesstravel Hotels And.... Book your best!

ad. Buy Grade A Premium Uganda Vanilla Beans NOW Available for Export  

Export Vanilla Prices for 2018 above USD400

After hitting a record $600 per kg in 2017 owing to a lower crop caused by a cyclone in Madagascar, vanilla prices have stabilized in the global market, thanks to higher production in the tropical island and Indonesia.

Buy quality Uganda Vanilla Beans


Prices are now hovering in the range of $400-450, amidst rising demand for natural vanilla worldwide.

“Even at a $100 drop, vanilla cultivation is profitable for Indian farmers compared to $100/kg two years back,” R Mahendran, Managing Director, ExpoVan, and Indian Vanilla Initiative Pvt Ltd said. Major producing countries like Madagascar, which produces 80 per cent of the world’s vanilla, have gradually started ramping up their production from 2015 and the crop is expected to hit the markets this year.

Quoting the US Customs data, he said the US/EU import price in July was $422/kg.

As the producing countries are spreading out farming, prices are likely to decline further. But it will not go down to the level of $25/kg witnessed in 2007-08.

Read the full article here.
By V Sajeev Kumar, Published on October 15, 2018

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Plants Guide.



Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page

then...

feel free to ask our business travel consultants.