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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.

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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