Vanilla Shortage

Reading time: 266 words, 1/2 to 1 minute

If you cook or bake with real vanilla, you might want to stock up before the shortage hits and prices increase much more.

Also, researching this I found that vanilla cuts the acidity in tomatoey stuff like tomato sauce and my favorite food: chili.

Always learning new stuff …

Also See BEFORE ITS NEWS

Gerold
April 6, 2012

Vanilla shortage could mean pricey ice cream and more

Published April 06, 2012

FoxNews.com

We may all be screaming for ice cream this summer. The price of everyone’s favorite summer treat could be on the rise after a shortage in the global vanilla supply.

Poor vanilla crops in Mexico and India –two major global producers –have led to a worldwide crisis in the crop of the pod-like staple. Madagascar, another major wholesale producer, has been taking advantage of the situation and stockpiling supplies.

As a result wholesale prices have risen by around 20 per cent in just two months, according to The Telegraph

Financial experts say the shortage could hit thousands of food and drink manufactures, including ice cream makers. The price of ice cream may rise up to 10 percent in an effort to pass off the higher prices.

While the price per kilogram of vanilla has only increased by $5 (from $25 to $30), buyers are fearful of another serious shortage, similar to when hurricanes destroyed Madagascan crops in April of 2000 and vanilla soared to $550 per kilogram.

The skyrocketing prices of vanilla also impacts other goods, such as soft drinks, baked goods, perfume and even medicines.

About gerold

I have a bit of financial experience having invested in stocks in the 1960s & 70s, commodities in the 80s & commercial real estate in the 90s (I sold in 2005.) I am appalled at our rapidly deteriorating global condition so I've written articles for family, friends & colleagues since 2007; warning them and doing my best to explain what's happening, what we can expect in the future and what you can do to prepare and mitigate the worst of the economic, social, political and nuclear fallout. As a public service in 2010 I decided to create a blog accessible to a larger number of people because I believe that knowledge not shared is wasted.
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