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Vanilla Shortage Threatens to Ruin Your Summer Ice Cream Plans

by Sarah Whitten, CNBC /  / Updated  / Source: CNBC.com

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A price surge could be coming to a freezer near you.

Following a poor harvest in Madagascar last year, the cost of vanilla beans has surged, threatening many ice cream manufacturers, according to the Guardian.

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The price of vanilla has more than doubled since February for Charlie Thillier, founder and managing director of ice-cream brand Oppo. His company was paying around $40 per liter of the spice. Now it pays more than $85, he told the Guardian.

These soaring prices could impact more than just the ice cream industry. Vanilla is utilized by companies who manufacture soft drinks, perfumes and even medications.

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