Unpredictable weather, consumer demand cause olive oil, vanilla prices to soar
According to Bloomberg, erratic weather in Spain and Italy is causing shortages in the global olive oil markets, and it is expected to get worse. IFT Daily News
Tag: vanilla
Barry Callebaut, Prova support vanilla farmers
Barry Callebaut, a producer of chocolate and cocoa, and Prova, a manufacturer of vanilla extracts and flavors, are joining forces to launch a project in Madagascar to diversify and stabilize … Continue Reading →
What’s behind the high vanilla prices?
According to Bloomberg, the price of vanilla beans has tripled in the past year after Madagascar suffered from a poor harvest. IFT Daily News
Unilever, Symrise, GIZ partner to support vanilla farmers
Unilever, its supplier Symrise, and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have announced a partnership to improve the livelihoods of 4,000 vanilla farmers in the Sava region, Madagascar. … Continue Reading →