Indonesia has a 'Green Treasure' at this price

Published 2022년 2월 2일

Tridge summary

Indonesia is known for its high-value crop, vanilla, also referred to as 'green gold.' This crop is used in the culinary industry and also has applications in cosmetics, perfumes, herbs, and essential oils. The price of dry vanilla sticks is around Rp. 5,200,000 per kg, and wet vanilla starts at Rp. 600,000 per kg. The price can vary greatly depending on the grade and source. To produce 1 kg of dry vanilla, 7 kg of wet vanilla is required. The break-even point for the crop is usually reached by the third or fourth year of harvest.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Indonesia has a treasure that is often dubbed green gold. Indonesia's green treasure is vanilla. Not surprisingly, this agricultural plant is expensive and is still one of the most popular products in the market on an international scale. Vanilla is an annual plantation crop. The processed products can produce value-added products, in the form of extracts, juices, oleoresins, or powders. Which can be used as raw material for the culinary industry. In addition, vanilla can also be used as a raw material for cosmetics, perfumes, herbs, and essential oils. At the Ministry of Agriculture, this plant development is under the Directorate of Spice and Medicinal Plants. This plant is included in the Orchidaceae family or the orchid tribe. Then, what is the price of vanilla so it is called green gold? Citing the vanilla-Indonesia website, the price of dry vanilla sticks reaches Rp. 5,200,000 per kg, while the price of wet vanilla is priced starting at Rp. 600,000 ...

Source: Cnbcindonesia