Vanilla shortage in Madagascar might mean price...

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McCormick & Co. will probably have to increase the prices of some its products because of a shortage of vanilla in Madagascar — the provider of 85 percent of the world’s supply of vanilla. The Sparks-based spice maker has already increased prices twice this year, McCormick CEO Lawrence Kurzius said in an earnings call with analysts on Friday. He told analysts to expect another increase because of the shortage. “I don’t want to get too specific about the exact timing of pricing actions, but…