What could stabilize the global vanilla market after years of price volatility? #Uganda #soexpensive

Selecionar modo de aprendizagem:

3000 Oxford Words4000 IELTS Words5000 Oxford Words3000 Common Words1000 TOEIC Words5000 TOEFL Words

Legendas (30)

0:02These farmers are arming themselves to

0:04stop thieves from stealing one of the

0:06world's most valuable spices,

0:10vanilla.

0:12In its boom years, the average price of

0:14vanilla hit $300 per kilogram.

0:20For years, one country has dominated the

0:22industry,

0:23Madagascar.

0:27It has historically accounted for about

0:2980% of the global vanilla supply.

0:32So, if anything threatens the country's

0:34harvest, prices will skyrocket even

0:37more,

0:38like they did in 2017, when vanilla hit

0:41a record high of nearly $600 per kilo.

0:46But, this country is offering an

0:48alternative.

0:50In just 5 years, Uganda has become the

0:53second largest vanilla exporter by

0:55volume.

0:56And if Uganda's production continues to

0:59grow, it could lead to more affordable,

1:01stable prices.

1:04Now, big brands like Ben & Jerry's

1:06[music] are even using Ugandan vanilla.

1:09So, how did vanilla become such an

1:11expensive spice?

1:13And can Uganda step in to help stabilize

1:16global prices?

Praticar Escuta