Vanilla Prices Are Volatile. One Country Wants To Fix It.
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Vanilla Prices Are Volatile. One Country Wants To Fix It.
Vanilla is so valuable that it's been called "green gold." At its peak in 2017, prices reached nearly $600 per kilo, making it the second-most expensive spice in the world. But by 2024, prices had crashed to roughly $50 per kilo. That volatility stems from one major factor: The world depends heavily on Madagascar, which has historically ...
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