The international vanilla market : price is the main handicap
Highly speculative and very sensitive to rumours, the international vanilla market is in no way standard. Prices can vary from 1 to 10 over a period of a few months with market releases stable at 2 300 tonnes. Nearly three-quarters of the world export potential is held by Madagascar. The very attractive prices of recent years are encouraging certain countries to invest in the sector. This medium-term increase in supply could reverse the situation in a market that, given the prices, is already moving away from natural vanilla and becoming increasingly interested in substitutes. A decrease in demand and an increase in supply make an explosive cocktail. But when is it going to go bang?
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| Format: | article biblioteca |
| Language: | eng |
| Subjects: | E71 - Commerce international, Q02 - Traitement et conservation des produits alimentaires, |
| Online Access: | http://agritrop.cirad.fr/513101/ http://agritrop.cirad.fr/513101/1/ID513101.pdf |
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| Summary: | Highly speculative and very sensitive to rumours, the international vanilla market is in no way standard. Prices can vary from 1 to 10 over a period of a few months with market releases stable at 2 300 tonnes. Nearly three-quarters of the world export potential is held by Madagascar. The very attractive prices of recent years are encouraging certain countries to invest in the sector. This medium-term increase in supply could reverse the situation in a market that, given the prices, is already moving away from natural vanilla and becoming increasingly interested in substitutes. A decrease in demand and an increase in supply make an explosive cocktail. But when is it going to go bang? |
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