Dec, 08
2020
Business, Free News Articles

Vanilla Prices Coming Back Down to Earth After Years of Record Highs

EUGENE, Ore. -- Starting in 2016, global vanilla prices skyrocketed when below average harvests in Madagascar and Indonesia coincided with increased consumer demand for natural flavors and "clean" labels, notes Singing Dog Vanilla. What began as unusually high vanilla prices quickly became unsustainably high prices with 2019 global vanilla prices surpassing the value of silver ounce-for-ounce.

"While farmers reaped the benefit of spectacularly high prices for their vanilla crop, theft and violence became a problem causing farmers to hire security guards and sleep in their fields to prevent their green vanilla beans from being stolen in the night," says Bill Wiedmann, Co-founder of Singing Dog Vanilla.

The good news is that high vanilla prices also encouraged vanilla farmers to plant more vines and enticed new growers to enter the vanilla market. With a lag time of about 3 -4 years before newly planted vanilla orchid vines produce a good harvest, we now have an increased supply coming to market. This has resulted in a decline in prices from the stratospheric highs which caused problems for everyone in the supply chain. Vanilla is now trading at a price level that is attractive to farmers because it is a profitable crop for them to grow but does not attract theft.

"Our family farmers in Indonesia are relieved to see the prices coming down to sustainable levels," adds Wiedmann. "We expect that over the next several months farm-gate prices in Indonesia for cured vanilla beans will come down to approximately Rp 1.5 - 2 million (US$110 to US$150) per kilogram. This is a price that everyone in the supply chain can benefit from."

Lower market prices for vanilla beans and vanilla extracts mean that home users can be more generous with vanilla in their kitchens. Bakeries and Ice Cream Shops can bring back their favorite vanilla recipes and develop new ones without focusing on the cost of that one critical ingredient.

About Singing Dog Vanilla:

Founded on April Fool's Day in 2004, Singing Dog Vanilla has offices in Eugene, Oregon and Phoenixville, Pennsylvania. They partner with over 400 vanilla-growing families in Indonesia to bring organic vanilla products to food manufacturers, bakeries, scoop shops, restaurants, and breweries. Singing Dog Vanilla also has a full line of retail products sold in natural grocery stores across the USA and internationally. Profits are shared with their vanilla farmers and employees.

The Singing Dog Vanilla motto is "Silly Name ... Serious Vanilla."

Learn more at https://www.singingdogvanilla.com/

MULTIMEDIA:

*VIDEO (YouTube): https://youtu.be/WDD2GcZNpzI

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-1208s2p-vanilla-production-300dpi.jpg

*Photo caption: Farmer in Indonesia tending vanilla vine. Credit: Singing Dog Vanilla.

Related link: https://www.singingdogvanilla.com/

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May, 22
2019
Free News Articles, Product Launches, Restaurant, Hotel and Hospitality

Ethically-Sourced Vanilla Now Available Online

ORLANDO, Fla. -- Bakers everywhere know the importance of using quality ingredients in their products. Take vanilla beans for example -- their unique flavor can enhance the worlds of both savory and sweet foods. However, according to Native Vanilla, an Orlando-based vanilla provider, vanilla beans can be challenging to find, purchase and have delivered to your door in a timely manner.

Additionally, when sourcing vanilla beans, consumers often run into vanilla look-alike products that are a much cheaper synthetic version, made from compounds extracted from paper waste, pine bark, and even cow manure. With low regulations mandated by U.S. law, these vanilla substitutes can also contain several chemical additives.

Considering the baking industry is a dynamic part of the U.S. economy, accounting for about $311 billion in total economic output or roughly 2.1 percent of GDP, the importance of utilizing quality products is crucial. Now, thanks to Native Vanilla, a company that sells organically-farmed, gourmet vanilla beans, consumers can now conveniently purchase fairly traded non-GMO vanilla beans online.

"We are thrilled to offer our customers the option to purchase our premium vanilla beans at a remarkable price with fast delivery," said Dan Edmiston, founder of Native Vanilla. "As the demand for this staple rapidly grows, we will continue to exceed expectations and excel in bringing our clients exceptional quality, sustainably-sourced vanilla products."

Native Vanilla has already received multiple reviews from pleased customers who have ordered online.

"We have found that our customers enjoy the unbeatable quality of our vanilla products," said Dan. "They continue to express that they are extremely satisfied with the ease of access to such an essential product for their recipes. Knowing we are making a difference in their experience makes us very happy and encourages us to keep raising the bar."

For more information about Native Vanilla's full product line, which is available for purchase online, please visit: https://nativevanilla.com/.

About Native Vanilla:

Native Vanilla is committed to providing organically-farmed, sustainably-sourced, superior quality vanilla. Passionate about trading ethically, Native Vanilla demands higher standards for farmers and consumers alike. By partnering with small farming villages in Papua New Guinea, Native Vanilla empowers and protects micro-farmers by giving them a voice to implement projects that will have an enduring impact on the health and welfare of their community. Native Vanilla's products are available through eBay, Amazon, Etsy, and on the Native Vanilla website.

For more information about Native Vanilla, visit https://nativevanilla.com/ or contact Jane Hink at 863-226-7257.

Follow our momentum on Facebook, Instagram, Pinterest, Twitter, YouTube, and the Native Vanilla blog: https://nativevanilla.com/enthusiasts/.

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