UPDATE 1-Madagascar vanilla producers say cyclone damaged 30 pct of crop

Tue Mar 14, 2017 7:36pm GMT
 

* (Updates death toll, displaced with latest figures)

By Lova Rabary

ANTANANARIVO, March 14 (Reuters) - Vanilla producers on the tropical island of Madagascar say a cyclone that killed 78 people has also damaged around 30 percent of the crop in the world's biggest producer.

The valuable beans are often kept under armed guard after prices shot up from around $20 a kg in 2010 to around $500 a kg last year.

A U.S. buyer supplying ingredients for supermarkets Trader Joe's, Whole Foods and coffee chain Starbucks said she expected prices to jump.

The flavouring is used in products from ice cream to coffee. Madagascar produces nearly half the world's crop, according the U.N. Food and Agriculture Administration.

In 2015, Madagascar was estimated to have produced 3,914 tonnes out of a global total of 8,294 tonnes, projected U.N. data showed. No more recent data was available because of the lag in harvesting time.

Cyclone Enawo tore through the East African island last week. On Tuesday, authorities said the storm had killed 78 people, displaced nearly 250,000 and wounded 250.

"The destruction of uprooted fields and plants (means) losses are estimated at 30 percent," said Mamy Razakarivony, president of the national vanilla exporters' group.   Continued...

 
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