Business

Sri Lanka’s Spice Production Set to Grow: Challenges and Opportunities Ahead

  • August 30, 2024

Sri Lanka’s spice production is projected to grow steadily, increasing from 110,000 metric tons in 2023 to an estimated 121,000 metric tons by 2028. This growth comes as the global demand for spices rises, pushing the industry to enhance yields and expand plantations. Christopher Fernando, Chairman of the Spices and Allied Products Producers’ and Traders’

Read More
Economics

EU to Boost Ceylon Cinnamon Exports to Premium Markets

  • July 15, 2024

The European Union (EU) plans to leverage the expertise of the International Finance Corporation (IFC) to promote Ceylon cinnamon exports to higher-value markets, according to a statement from the EU Delegation to Sri Lanka and the Maldives. The EU is also supporting Sri Lanka’s newly established Department of Cinnamon Development through the Export Agriculture in

Read More