Madagascar Vanilla Shortage Could Raise Ice Cream Prices
Blame it on a bad harvest
If your favorite ice cream flavor is still vanilla, perhaps it’s time to broaden those horizons a bit: A bad harvest in Madagascar has led to a price surge for its most prized crop, vanilla beans, reports The Guardian. This could lead to a rising tide of ice cream prices around the world.
Vanilla prices have been steadily rising since last year’s poor Madagascan harvest, but the price has especially spiked over the past few months as supplies are dwindling. Food Business News says in 2011 the price of vanilla beans hovered around $20 a kilogram, and…