Econ in the News: Vanilla Beans are more Expensive than Silver
September 28, 2018
The skyrocketing price of vanilla beans has led to shortages of vanilla-derived products across the world, to the dismay of all who enjoy making baked goods (myself included). During the 2017-2018 season, black Madagascar vanilla bean prices peaked at $635 per kilogram ($18/ounce), a price that officially made it worth more than its weight in … More Econ in the News: Vanilla Beans are more Expensive than Silver