Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Record income from Cinnamon exports last year
Wed, Aug 15, 2018, 11:41 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 15, Colombo: Sri Lanka has obtained a record income of US$202.5 million from cinnamon exports in 2017, according to the National Cinnamon Research and Training Center under Department of Export Agriculture. It is an increase of 30 percent compared to the previous year.

Sri Lanka has been named as a high-quality cinnamon producer in the world. That's why there is a high demand for Sri Lankan cinnamon in the world market, the Cinnamon Research Center says.

In 2017 Sri Lanka exported 32 percent of global cinnamon exports by value. However, it is only 18 percent of global cinnamon requirement.

Encouraging farmers for cinnamon cultivation and promoting home growing of cinnamon trees have contributed to the increased exports, the institute says.

The high price due to the increase in demand of cinnamon in world market has also contributed to the improvement of the cultivation, according to the National Cinnamon Research and Training Center.

The Center says it implemented a number of programs to further promote cinnamon cultivation.

 

ColomboPage - Recent 10 Stories ::
Two youths attempting to take selfie gone missing in sea
-- [6 hours ago]
Minister requests trade unions to postpone postal strike until Friday
-- [6 hours ago]
Term of Presidential Commission probing corruption and fraud extended
Paddy purchasing in Northern Province begins
UN expert to visit Sri Lanka to assess rights to freedom of peaceful assembly and of association
Sri Lanka postal workers to launch 48-hour strike from 4 pm today
Three faculties at Ruhuna University to be reopened tomorrow
Navy nabs person with over 3200 illegally harvested conch shells
CID grills former Defense Secretary Hemasiri Fernando for nine hours
National Authority on Tobacco and Alcohol Act strictly enforced island wide from today

Copyright © 2000, 2016 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.