gloomy start to the vanilla export campaign
The vanilla export campaign started a month and a half ago (September 15), but at the moment buyers are not killing with exporters from the Big Island, the world's largest producer of this spice.
After years of high prices and peaked at $ 550 per. Kilo in 2018, the vanilla sector has seen a marked decline since last year. To avoid a sudden drop in prices in this volatile market, the Malagasy government has set a minimum export price of $ 250 per kilo. Despite this price halved compared to 2018, orders are currently few.…