Madagascar Vanilla Producers Say Cyclone Damaged 30% Of Crop
March 17, 2017 | 1 min to read
Vanilla producers on the tropical island of Madagascar say a cyclone that killed 78 people has also damaged around 30 percent of the crop in the world's biggest producer.
The valuable beans are often kept under armed guard after prices shot up from around $20 a kg in 2010 to around $500 a kg last year.
A U.S. buyer supplying ingredients for supermarkets Trader Joe's, Whole Foods and coffee chain Starbucks said she expected prices to jump.
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