Madagascar vanilla floor price (2026)
Verified 2026-07-02 · Interbank rate updated 2 Jul 06:00 UTC (2h ago)
What is the vanilla floor price in 2026?
The green-vanilla floor price was reinstated at 10,000 Ariary/kg for pods over 13 cm and 5,000 Ar/kg for shorter ones, by the Council of Ministers in late June 2026, after a liberalized 2024-25 season with no floor. It is the sector's only "firm" price and anchors all the others. Primary source: commerce.mg / MICC.
Current floor
Floor reinstated for GREEN vanilla after a liberalized (no-floor) 2024–25 season. The EXPORT price floor was separately lifted (liberalized). Check the latest MICC circular. Source: commerce.mg / MICC (via 2424.mg, moov.mg).
Floor-price history (the collapse)
| Season | Green floor (Ar/kg) | ≈ $ · € | Regime |
|---|---|---|---|
| 2020–2021 | 75,000 | $18 · €16 | Regulated floor (high era) |
| 2022–2023 | 75,000 | $18 · €16 | Regulated floor maintained |
| 2024–2025 | none | — | Liberalized — no floor |
| 2025–2026 | 10,000 | $2.35 · €2.07 | Floor reinstated (10,000 / 5,000 Ar) |
The 2026 floor (10,000 Ar) is far below the regulated era (75,000 Ar in 2022-23) — reflecting the world-price collapse. Conversions at today's rate; Interbank rate updated 2 Jul 06:00 UTC (2h ago). Historical values: commerce.mg / press — cross-check.
Why does a floor price exist?
The floor price exists to protect smallholders in the SAVA region (Sambava, Antalaha, Vohémar, Andapa) from a price collapse. When the world vanilla price falls, collectors pass the drop down to the farmgate; a regulatory floor is meant to guarantee a grower minimum. But the tool cuts both ways: set too high versus the world market, it freezes sales and drives informal export; set too low, it protects little. The move from 75,000 Ar/kg (regulated era) to 10,000 Ar/kg in 2026 shows how far the world market has corrected.
Enforcement is the other difficulty. The floor is set by the Council of Ministers then relayed by Ministry of Commerce (MICC) circular; on the ground, growers have repeatedly reported purchases below the official price, for lack of enforcement. Add the recurring liberalization debate: for the 2024–25 season no floor was imposed, and the export price floor was lifted — a move toward a freer market that the 2026 reinstatement partly walks back. Always check the latest MICC circular and the price actually paid in your area.
Frequently asked questions
No. The floor reinstated in 2026 covers GREEN vanilla at the farmgate. The EXPORT price floor was lifted (liberalized) — FOB prices are negotiated freely by world market and grade. Check the latest MICC circular.
Not always: SAVA-region growers have reported purchases below the floor in past seasons. The floor is a regulatory obligation, not a market guarantee — check the price actually paid locally.