India  

Why a vanilla milkshake may cost more

Video Credit: Reuters Studio - Duration: 02:23s - Published
Why a vanilla milkshake may cost more

Why a vanilla milkshake may cost more

Cyclones, drought and vanilla crop-theft in Madagascar - which produces about 80 percent of the world's most popular type of vanilla - have contributed to soaring prices by eating into supply.

Havovi Cooper reports.

0
shares
ShareTweetSavePostSend
 

It's in ice-cream, cookies and cake... And now vanilla is the second most expensive spice in the world after saffron..

A kilo of vanilla beans costs 520 dollars...pricier than a kilo of silver or wagyu beef... That's because Madagascar, which produces nearly 80% of the world's vanilla, has been hit with widespread crop theft and two devastating cyclones in 2017 and 2018....which destroyed about three-quarters of the island's vanilla crop.... The result: soaring prices and an industry struggling to adapt.

Reuters Correspondent Richa Naidu SOUNDBITE RICHA NAIDU, REUTERS CORRESPONDENT SAYING: "Any company that buys natural vanilla is being hit by this- that ranges from Nestle to General Mills to Mccormick.

Mccormick is the biggest spice company in the world and they're one of the biggest vanilla buyers in the world.

What they're doing is trying to cultivate a new source of vanilla in Indonesia.

The 2017 cyclone made them realize that its actually pretty risky to source all of this very important material from one island in the world that's cyclone-prone.

" But McCormick's bet on Indonesia as the next big vanilla producer....might be tricky to pull off..

Currently Indonesia produces about 100 tonnes of bourbon vanilla a year, a far cry from Madagascar's output of over 2000 tonnes..

That's because vanilla is not an easy crop to cultivate... SOUNDBITE RICHA NAIDU, REUTERS CORRESPONDENT SAYING: "They have to be hand-pollinated during a 4 hour window pre-dawn.

They need certain soil and water conditions.

They need to be grown 10- 20 degrees from the equator, which is why they're only grown in certain parts of the world...vanilla beans.

And it takes about 3-4 years before a new vanilla plant can even start producing beans.

" In the meantime- McCormick and other food companies like Nestle and General Mills are grappling with vanilla prices that have surged 500 percent in the past four years...sometimes passing on those higher costs to consumers and retailers... so you might have to keep that craving for vanilla ice cream this summer in check.




💡 newsR Knowledge: Other News Mentions

Cyclone Cyclone Large scale air mass that rotates around a strong center of low pressure

Cyclone Nisarga: Indian Coast Guard relaying warnings to merchant vessels, fishermen [Video]

Cyclone Nisarga: Indian Coast Guard relaying warnings to merchant vessels, fishermen

Indian Coast Guard ships, aircraft and shore stations are continuously relaying warnings about impending adverse weather to merchant vessels and fishermen due to cyclone Nisarga. Cyclone is expected to hit coastal parts of Maharashtra and Gujarat on June 3.

Credit: ANI    Duration: 01:11Published
Cyclone Amphan: Odisha Fire Service teams leave for West Bengal for restoration work [Video]

Cyclone Amphan: Odisha Fire Service teams leave for West Bengal for restoration work

Odisha Fire Service (ODF) teams left for West Bengal for restoration work post-cyclone Amphan. Central Government had also announced Rs 1500 crore relief fund for West Bengal and Odisha. Cyclone 'Amphan' crossed West Bengal-Bangladesh coasts between Digha (WB) and Hatiya Islands (Bangladesh) close to Sundarbans on May 20.

Credit: ANI    Duration: 01:30Published
Cyclone Amphan: PM Modi leaves for WB to take stock of situation [Video]

Cyclone Amphan: PM Modi leaves for WB to take stock of situation

Prime Minister Narendra Modi on May 22 left from Delhi for West Bengal to take stock of the situation in the wake of cyclone Amphan. He will conduct aerial surveys and take part in review meetings later today. PM Modi will also visit Odisha later today. Cyclone has left 72 people dead and thousands homeless in West Bengal. PM Modi is on his first visit in both states after 83 days of nationwide lockdown in view of deadly COVID-19 virus.

Credit: ANI    Duration: 01:17Published
Heavy rain, strong winds in WB's Asansol due to impact of cyclone 'Amphan' [Video]

Heavy rain, strong winds in WB's Asansol due to impact of cyclone 'Amphan'

Asansol received heavy rain and strong winds due to cyclone 'Amphan'. Local lives got affected due to it. Cyclone 'Amphan' crossed West Bengal-Bangladesh coasts between Digha (WB) and Hatiya Islands (Bangladesh) close to Sundarbans.

Credit: ANI    Duration: 01:15Published
Cyclone 'Amphan' likely to intensify into severe cyclonic storm in Odisha's Bhubaneswar [Video]

Cyclone 'Amphan' likely to intensify into severe cyclonic storm in Odisha's Bhubaneswar

The cyclone 'Amphan' is likely to intensify into very severe cyclonic storm in next 12 hours, according to Bhubaneswar Meteorological Centre. "In the next 12 hours, Cyclone 'Amphan' is likely to intensify. Fishermen advised not to venture into sea and return to coast till night. From tomorrow no fishermen will be allowed," said Director of Bhubaneswar Meteorological Centre Director, HR Biswas. Heavy rainfall is also likely to occur after 24 hours in the coast area.

Credit: ANI    Duration: 01:18Published

Madagascar Madagascar Island country in the Indian Ocean

Madagascar thanks India for supply of essential commodities amid Covid-19 outbreak [Video]

Madagascar thanks India for supply of essential commodities amid Covid-19 outbreak

Foreign minister Tehindrazanarivelo Liva thanked the Govt. of India for supplying essential medicines to Madagascar amid Covid-19 outbreak. At a formal ceremony in capital Anatananarivo Indian ambassador Abhay Kumar handed over the consignment to the Foreign Minister of Madagascar. The consignment of COVID-19 related essential medicine supplies from India arrived in Antsiranana aboard INS Kesari on Wednesday. In a tweet, Tehindrazanarivelo also appreciated the solidarity expressed by govt. and people of India. He gave special thanks to his Indian counterpart, Dr S. Jaishankar. The shipment of essential medicines reflects India's commitment to work together with its maritime neighbours and partners in the Indian Ocean Region.

Credit: ANI    Duration: 02:00Published

Indonesia Indonesia Country in Southeast Asia and Oceania

Visas of 2,679 of 2,765 foreign tablighis cancelled, Centre tells SC

The Union government has cancelled visas of 2,679 foreigners, majority from Bangladesh and Indonesia, for indulging in tablighi activities impermissible under..
IndiaTimes
Endangered Javan rhino enjoys a mud bath [Video]

Endangered Javan rhino enjoys a mud bath

A rare Javan rhinoceros has been captured on surveillance camera gleefully rolling around in the khaki, tropical waters of Ujung Kulon National Park, on the westernmost tip of Indonesia's Java island.

Credit: Reuters Studio    Duration: 00:30Published
Indonesia bans single-use plastic bags [Video]

Indonesia bans single-use plastic bags

Increased online shopping and takeaway food during the pandemic have added to the mountain of waste in the country.

Credit: Al Jazeera STUDIO    Duration: 02:20Published
Indonesia mulls fate of Rohingya refugees rescued off coast [Video]

Indonesia mulls fate of Rohingya refugees rescued off coast

Government has yet to decide whether they can stay or will be forced back out to sea.

Credit: Al Jazeera STUDIO    Duration: 02:29Published
Indonesia children at risk as COVD-19 disrupts vaccination drives [Video]

Indonesia children at risk as COVD-19 disrupts vaccination drives

Health experts warn efforts to contain pandemic could lead to an increase in preventable but fatal childhood diseases.

Credit: Al Jazeera STUDIO    Duration: 02:35Published

You Might Like


Tweets about this


Related videos from verified sources

Daily Holiday - National vanilla milkshake day [Video]

Daily Holiday - National vanilla milkshake day

Daily Holiday - National vanilla milkshake day

Credit: WKBTPublished