Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka to increase cinnamon production
Sun, Feb 17, 2013, 11:31 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 17, Colombo: Sri Lanka's Department of Export Agriculture pans to take measures to step up the production of cinnamon in the country to increases cinnamon exports.

Sri Lanka plans to increase the cinnamon exports to a target of one billion US dollars by 2015, the Sri Lanka Economic Development Board (EDB) says.

Accordingly, cinnamon production facilities are expected to be established in the cinnamon cultivation areas in the country.

Initially a program will commence in the Deniyaya Panilkanda area, the Department said.

According to the EDB Sri Lanka produces 70 percent of cinnamon demand at the world market and exports 85 percent of country's annual cinnamon production, mostly to the USA and Mexico.

Sri Lanka annually produces 16,000 metric tons of cinnamon in about 31,000 hectares of land. Cinnamon trade is the livelihood for 260,000 families in the country.



ColomboPage - Recent 10 Stories
Constitutional Assembly to obtain Parliamentarians' views on new constitution on January 9
-- [4 hours ago]
Special security plan in force for festive season
-- [5 hours ago]
Tajikistan President to visit Sri Lanka on Monday
-- [5 hours ago]
Sri Lanka Navy frees Japanese cargo ship held by Hambantota Port workers
-- [7 hours ago]
President calls for religious tolerance among communities to uplift Sri Lanka as a developed nation
-- [7 hours ago]
Sri Lanka Parliament passes Third Reading of 2017 budget
-- [8 hours ago]
Sri Lanka Parliament adopts Code of Conduct for members
-- [8 hours ago]
AkzoNobel sends top Sri Lankan talent to the World Architecture Festival in Berlin
-- [8 hours ago]
Sysco, world's leading foodservice company to setup captive innovation center in Colombo
-- [8 hours ago]
Sri Lanka's economy has begun to stabilize - IMF

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.