Vanilla Market Report – January 2024
The Madagascar vanilla market for the 2023-2024 season is confronting a complex and challenging landscape, marked by a delicate balance between supply and demand, a history of pricing fluctuations, and the enduring struggles faced by local farmers.Total Vanilla Crop and Stock Situation:The total Vanilla crop projection for the ongoing 2023-2024 season is estimated to be substantial, with expectations set at around 2,500 tonnes. However, a key concern arises from the carryover stock from the previous season, amounting to approximately 1,500 …
