Sri Lanka: Driving Ceylon cinnamon exports to reach high-value markets

Published 2024년 1월 19일

Tridge summary

The International Finance Corporation (IFC) and the Sri Lanka Export Development Board (EDB) recognized the first batch of Geographical Indication (GI) certified Ceylon Cinnamon growers in Sri Lanka, supported by the European Union (EU) and other industry stakeholders. Ceylon Cinnamon is the second largest agricultural export crop in Sri Lanka and obtaining the GI certification from the EU will help increase market differentiation and product turnover for the spice. The certification is expected to lead to an increase in exports for Sri Lanka, higher income, and employment generation across the cinnamon value chain.

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Original content

In an effort to better position and promote high quality exports of Ceylon Cinnamon, the International Finance Corporation (IFC) together with the Ministry of Plantation Industries and Sri Lanka Export Development Board (EDB) recently recognised the first batch of Geographical Indication (GI) certified Ceylon Cinnamon growers in the country. The initiative to enhance competitiveness of Ceylon Cinnamon, which is indigenous to Sri Lanka, was supported by the European Union (EU), alongside industry stakeholders including Sri Lanka Standards Institution, the Industrial Technology Institute and the Department of Cinnamon Development. Ceylon Cinnamon is Sri Lanka’s second largest agricultural export crop, after tea, accounting for 90% of global market share. It supports the livelihood of over 70,000 smallholder growers and providing jobs to over 350,000 Sri Lankans, the majority of which are women. In 2022, Ceylon Cinnamon was granted the GI status when Sri Lanka first received the GI ...

Source: Ft