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The vanilla trade is highly focused on the majority of global production originating from Madagascar. Over time, it has been observed that consumers are shifting from natural vanilla because of its high price to cheaper alternatives. The government of Madagascaris taking active measures to stabilize the market after prices had declined sharply since 2018 when the Mintec Benchmark Price stood at $595/kg. Mintec Analytics will help you to determine the current benchmark for vanilla prices and other food commodities, which will assist you in analyzing your costs and expenditure and in benchmarking your suppliers. Visit our site at: https://www.mintecglobal.com/top-stories/madagascar-implements-new-minimum-export-price-for-vanilla
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