| NOTE: We have seen a massive increase in the cost of Vanilla Bean Specks as a result of the devastation caused by the worst tropical cyclone to hit Madagascar in 13 years. Madagascar produces three quarters of the global supply. It is estimated the cyclone damaged as much as 30% of the crop. This is coming on top of an already tight market. Prices for spent vanilla bean product reflect the soaring cost of vanilla beans in the current market. When the shortage eases, prices will drop again, but for now our manufacturer advises when that might happen is still to be determined, as it is currently a very volatile market. |
