The decreasing price of Tahitian vanilla as suppliers try to sell out current stock

In order to finish up their current stock of vanilla, many vanilla suppliers in East Java province are selling their Grade-A Tahitian vanilla at USD 180/Kg. This is a huge dip from its price in the previous 3 weeks, which ranged between USD 200-210/kg. Moreover, the slowing down of demand for this commodity has been a contributing factor for the significant price drop, forcing suppliers to compromise on the selling price.