Vanilla ice cream off the menu as price hikes hit makers
Staple flavour disappearing as cost of spice soars to £515 per kg
Britain’s ice-cream industry is being hit by a global shortage of vanilla that has seen the price of the spice soar to record highs over the past two years.
At approximately $700 (£515) per kilogram, vanilla is worth more than its weight in silver, The Independent reports, and is now the second-most expensive spice in the world after saffron.
Around 85% of the world’s supply of vanilla pods comes from Madagascar, off the eastern coast of Africa, but natural disasters including cyclones have caused major damage at many plantations, says The Daily Telegraph.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Political unrest and violence in the region has also hit production, sending prices “through the roof”, the newspaper adds.
Those hikes are forcing an increasing number of smaller ice-cream manufacturers to take vanilla off their menus.
Speaking to the Telegraph, Julie Fisher, founder of ice-cream chain Ruby Violet, said her London-based outlets would not be serving vanilla “for the foreseeable future”.
“A lot of people still come in and ask for vanilla and when I tell them we don’t have it any more they think it must be a joke, they can’t believe it,” Fisher said. “It is very sad as we used it in lots of other flavours.
It’s one of our staples and it’s the first flavour a lot of people try as children, a lot people love it. It was the flavour I would ask for when I got an ice cream.
“It doesn’t look like it is going to get any better either. Once prices hit a certain level, it’s difficult for it to go back.”
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Will Donald Trump wreck the Brexit deal?
Today's Big Question President-elect's victory could help UK's reset with the EU, but a free-trade agreement with the US to dodge his threatened tariffs could hinder it
By Harriet Marsden, The Week UK Published
-
Marine Le Pen's fake jobs trial
The Explainer The far-right French leader could face a fine, jail time, and a five-year ban from public office if found guilty of embezzlement
By Abby Wilson Published
-
How to earn extra cash for Christmas
The Explainer The holiday season can be expensive but there are ways to bolster your festive finances
By Marc Shoffman, The Week UK Published
-
Labour shortages: the ‘most urgent problem’ facing the UK economy right now
Speed Read Britain is currently in the grip of an ‘employment crisis’
By The Week Staff Published
-
Will the energy war hurt Europe more than Russia?
Speed Read European Commission proposes a total ban on Russian oil
By The Week Staff Published
-
Will Elon Musk manage to take over Twitter?
Speed Read The world’s richest man has launched a hostile takeover bid worth $43bn
By The Week Staff Last updated
-
Shoppers urged not to buy into dodgy Black Friday deals
Speed Read Consumer watchdog says better prices can be had on most of the so-called bargain offers
By The Week Staff Published
-
Ryanair: readying for departure from London
Speed Read Plans to delist Ryanair from the London Stock Exchange could spell ‘another blow’ to the ‘dwindling’ London market
By The Week Staff Published
-
Out of fashion: Asos ‘curse’ has struck again
Speed Read Share price tumbles following the departure of CEO Nick Beighton
By The Week Staff Published
-
Universal Music’s blockbuster listing: don’t stop me now…
Speed Read Investors are betting heavily that the ‘boom in music streaming’, which has transformed Universal’s fortunes, ‘still has a long way to go’
By The Week Staff Published
-
EasyJet/Wizz: battle for air supremacy
Speed Read ‘Wizz’s cheeky takeover bid will have come as a blow to the corporate ego’
By The Week Staff Published