MADAGASCAR: The vanilla market in Madagascar is now approaching the end of the curing season from the 2012 harvest. The current crop size is estimated to be in the region of 1,200M tons, considered to be a small crop. Due to the immature picking, the vanillin content from the 2012 crop was degraded to an average of 1.5% The current flowering which will affect the next coming crop was initially at the same level as last year. Due to the dry period with unusual heat in some regions, a third of the flowers are falling. Consequently, the next 2013 crop is expected be smaller than the current one - estimated to be between 900 to 1,000Mt. Hoarding and stocking up on inventory, led by major traders, is keeping supplies very tight.
In the other producing countries such as India, Indonesia, Papua New Guinea farmers have reported lower crops Lower world prices have all contributed to the farmers diminishing interest in vanilla in these countries.