We’re all going to scream about the rising price of ice cream!
There is a worldwide shortage of vanilla pods, used to make vanilla ice cream. This means ice cream makers are going to have to pay more for this ingredient, and the price increase is going to be passed along to the ice cream consumer.
The pod problem stems from poor harvests in Mexico and India. The only other country in the world that produces vanilla is Madagascar. They’ve been stockpiling the pods, and are now selling them at much higher prices than usual.
Your ice cream sundae is getting hit by the basics of supply and demand. If the supply decreases and demand remains unchanged, it leads to higher prices and less quantity.
Analysts expect a 10% increase in the price of vanilla ice cream. Maybe it’s a good time to try chocolate, with sprinkles, hold the cherry.
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What’s your favorite flavor?