Food Business News - August 22, 2017 - 23
©DIONISVERA - STOCK.ADOBE.COM
POINTE-CLAIRE, QUE. - A preliminary estimate has the 2017 vanilla crop in Madagascar at 1,300 to 1,500 tonnes, another
small crop, but the quality and volume
should be better than first expected after
Cyclone Enawo hit growing regions on
March 7. Probably less than 20% of the
crop is "cyclone vanilla," meaning green
beans blown off the vines three to four
months before maturity, according to an
Aug. 11 report from Aust & Hachmann, a
vanilla supplier based in Pointe-Claire.
Initial fears were the cyclone might
affect 30% to 40% of the crop. A majority
of the world's vanilla is grown in Madagascar. Crops there in years past have
gone over 2,000 tonnes although the
2016 crop was about 1,200 tonnes. The
2017 harvest began about two months
ago, according to Aust & Hachmann.
"Pricing has been stable since the
start of the campaign," the report said.
"Should it remain that way we can expect
pricing in the same range as witnessed
just prior to the cyclone. However, we
caution that it is still very early in the
campaign, and vanilla pricing is by no
Vanilla was trading at about $500
per kilogram before the cyclone hit.
A more mature crop in Madagascar
in 2017 in theory should translate into
better quality and better yields, according to the report. An expected increase
in vanilla bean production in other
countries has not yet materialized and
may not have a significant impact on the
market until 2018.
"Therefore, what transpires in
Madagascar this season will determine
the trajectory of the global vanilla trade,
which we will analyze in greater detail
later in the year," the report said. FBN
August 22, 2017
S O U R C E * B L E N D * I N N O VA T E
B.C. Williams Bakery Service | BCW Food Products | 800.527.4104
Pair GemPro® Tack
with your cereal bars,
snack bars and clusters.