| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Vanilla | Madgascar | FOB | USD 78.42/KG | July 2026 |
| Vanilla | India | CIF | USD 96.21/KG | July 2026 |
| Vanilla | USA | FOB | USD 96.75/KG | July 2026 |
| Vanilla | Brazil | FOB | USD 123.07/KG | July 2026 |
| Vanilla | Canada | FOB | USD 95.42/KG | July 2026 |
| Vanilla | Madgascar | FOB | USD 78.03/KG | June 2026 |
| Vanilla | India | CIF | USD 95.35/KG | June 2026 |
| Vanilla | USA | FOB | USD 95.79/KG | June 2026 |
| Vanilla | Brazil | FOB | USD 121.85/KG | June 2026 |
| Vanilla | Canada | FOB | USD 94.29/KG | June 2026 |
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Vanilla prices remained depressed through H1 2026 as persistent inventory overhang from previous seasons. Industry assessments placed the 2025/26 campaign at around 4,500 metric tonnes, while favourable flowering raised expectations of continued ample availability. Buyers therefore remained cautious, purchasing against confirmed requirements and maintaining pressure on producers and exporters. The removal of Madagascar's fixed export-price framework also allowed market values to respond more directly to prevailing supply-demand conditions. Overall, excess supply, elevated inventories, and subdued purchasing appetite kept the vanilla market firmly buyer-oriented during the period.
Analyst Insight
According to Procurement Resource, vanilla prices are likely to remain under pressure in the near term, with a meaningful recovery dependent on inventory clearance and a sustained reduction in Malagasy supply.
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Vanilla prices in 2025 traced a volatile trajectory, shaped by shifting trade policies, supply chain realignments, and regulatory developments across key producing nations. According to the Vanilla price database, the imposition of reciprocal tariffs under U.S. Executive Order 14257 introduced fresh uncertainty into the vanilla market, particularly for buyers reliant on Madagascar, the world's dominant origin. The initially steep tariff proposals sent procurement teams reassessing sourcing strategies, with alternative origins including Uganda, Papua New Guinea, and Indonesia drawing heightened attention. However, logistical constraints and distinct flavor profiles limited direct substitution across most industrial applications.
As the Vanilla price curve started reflecting these disruptions, European extractors emerged as an unexpected beneficiary, leveraging their access to multiple origins and positioning competitively in markets across Asia, the Middle East, and Latin America. The Vanilla price graph for the period also captured a surge in forward purchasing by US importers ahead of tariff implementation, producing temporary inventory buildups. By year-end, Madagascar's government moved to liberalize vanilla prices following stock saturation across domestic and international channels, establishing reference export benchmarks to prevent sharp value erosion while preserving export eligibility standards.
Vanilla, in industrial terms, refers to the processed products derived from the vanilla orchid (Vanilla planifolia), primarily used in the food, beverage, and fragrance industries. The process involves the cultivation, harvesting, and curing of vanilla beans, followed by extraction methods to produce vanilla extracts, flavorings, and other derivatives. The industrial production of vanilla ensures consistency in flavor, quality, and aroma, adhering to strict regulatory standards. Given its labor-intensive production and global demand, vanilla remains one of the most valuable and sought-after ingredients worldwide.
Eurovanille, Givaudan SA, AUROCHEMICALS, Dolan Flavoring Co., Firmenich SA, Flavor Producers, LLC
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Vanilla has a wide range of industrial uses, primarily in the food, beverage, and fragrance sectors. In the food industry, it is commonly used as a flavoring agent in products such as ice cream, baked goods, beverages, and confectionery. Vanilla extracts and flavorings are also widely utilized in the production of perfumes, cosmetics, and personal care products due to their pleasant aroma. Additionally, vanilla is used in pharmaceuticals for its soothing properties and in the tobacco industry to enhance flavor profiles.
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