The black gold of agriculture loses its shine: the worth of carob plummets from 2.70 euros per kilo to 80 cents

The rise in carob costs in recent times appeared to don’t have any finish. In barely 5 years, it had gone from 15 cents per kilogram to the two.70 euros that was paid final 12 months.

The cause for this increase is discovered within the locust bean, the seeds discovered inside these pods. Some seeds with which a paste is made, locust bean gum, which has a number of purposes within the meals and cosmetics trade.

A flour with an look and taste much like that of cocoa can be extracted from the carob, which was used within the manufacture of animal feed and is now utilized in confectionery.

A wide range of makes use of that made this fruit trendy after a long time forgotten, and that in recent times has develop into an object of need for thieves, as a result of excessive value paid for it on the black market.

However, in lower than a 12 months the bubble has burst and to this point this harvest has gone from paying 1.80 euros per kilo to the present 80 cents. “It was an irrational value and this case needed to come about,” explains Ivan Monroig, carob producer and head of the sector at UniĆ³.

The trade finds alternate options

The most appreciated a part of the carob is the locust bean gum, which in 5 years has gone from 6 euros per kilo to twenty euros. This 100% pure product is used as a thickener and gelling agent primarily within the manufacturing of ice cream and dairy merchandise, however given the extreme rise in its worth, the meals and cosmetics industries have sought alternate options. “They combine locust bean gum with different cheaper pure merchandise and with some chemical product as a result of with the present value it was unfeasible,” Monroig factors out.

A fall that has caught many producers in full transformation of their fields, even irrigated, during which they’ve planted carob timber as a result of rise in costs of the final 5 years. “The carob seedlings have come to pay 30 euros and it’s important to wait about 15 years for a tree to be worthwhile, so those that have planted now are going to hit a wall,” says Monroig.

Producers are actually ready for the worth decline to cease and the market to stabilize. “I anticipated this to come back, however when will it hit backside? We do not know that. If it stays at this value it’s going to proceed to be worthwhile. If I’ve caught it at 15 cents per kilo, I’m not going to catch it at 80,” the farmer says. .