Daily News - 19/11/2013
By Indunil Hewage
The demand for value added cinnamon products such as cinnamon leaf oil, bark oil, crushed cinnamon and ground cinnamon for confectionery and other food related industries has increased in the world. Sri Lanka is planning to double cinnamon export earnings by increasing value addition of cinnamon.
Sri Lanka is the largest supplier of cinnamon exports to the world spice market, producing about 85% of international output. However, Sri Lanka ranks well below in value added cinnamon exports to the world market. Other competitor countries make huge profits by adding value to cinnamon exported from Sri Lanka, while Sri Lanka is losing profit due to exporting more raw cinnamon.
By Indunil Hewage
The demand for value added cinnamon products such as cinnamon leaf oil, bark oil, crushed cinnamon and ground cinnamon for confectionery and other food related industries has increased in the world. Sri Lanka is planning to double cinnamon export earnings by increasing value addition of cinnamon.
Sri Lanka is the largest supplier of cinnamon exports to the world spice market, producing about 85% of international output. However, Sri Lanka ranks well below in value added cinnamon exports to the world market. Other competitor countries make huge profits by adding value to cinnamon exported from Sri Lanka, while Sri Lanka is losing profit due to exporting more raw cinnamon.