Why Is Vanilla So Expensive 2020?
The price of vanilla is so expensive in 2020 due to various reasons such as the high demand for natural flavors in the food industry, supply chain issues, and climate change affecting the vanilla crops. Madagascar, which produces about 80% of the world’s vanilla, experienced cyclones and droughts that drastically reduced crop yields. This scarcity, coupled with a growing interest in natural and organic products, has led to an increase in the price of vanilla. Additionally, vanilla is a labor-intensive crop that requires hand-pollination, adding to the cost of production.