Indonesia's vanilla becomes the target of 'thieves', at this price

Published 2022년 2월 22일

Tridge summary

Vanilla, known as 'green gold' due to its high price, is predicted to continue soaring in 2022 due to limited supply and the complex character of the plant. The commodity's high value also makes it a target for thieves, especially during the pollination period. The theft problem has resulted in many farmers harvesting young vanilla, damaging the commodity's image. Farmers use various strategies to protect the vanilla from theft, especially during the harvest season. The price for dry vanilla bars is predicted to reach Rp. 5.2 million per kg, while wet vanilla is Rp. 600,000 per kg. Traders on e-commerce platforms sell vanilla at various prices, with gourmet vanilla fetching higher prices.

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

Original content

Jakarta, CNBC Indonesia - Vanilla is dubbed as green gold because of its high price. Based on observations on several online shopping platforms, vanilla is sold at various prices, ranging from tens of thousands to millions. Citing the Vanili Indonesia website, the price of this commodity is expensive due to limited supply. In addition, the complex character of the plant also causes the price of vanilla to be expensive. The reason is, human labor is needed in pollination because the flower shape is not perfect. Still citing the Vanili Indonesia website, the price of vanilla in 2022 is predicted to continue to soar. For dry vanilla bars, it is predicted to reach Rp. 5.2 million per kg, while the price of wet vanilla is Rp. 600,000 per kg. Because of the fantastic price it makes vanilla a target commodity for thieves. Chairman of the Indonesian Vanilla Council, John Tumiwa, said the theft of vanilla during the pollination process caused many farmers to harvest young. "This is what ...

Source: Cnbcindonesia