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Wednesday, December 18, 2013 - 6.10 GMT

Sri Lanka spice exports up 40-pct


Export revenues of spices from Sri Lanka have risen 40 percent from a year earlier to 274 million US dollars in the first 10 months of 2013.

Pepper exports have grown 81 percent to 108 million US dollars, cinnamon was flat at 105.6 million US dollars, quoting Spices & Allied Products Producers' & Traders Association (SAPPTA) LBO reported.

Clove revenues have grown 223 percent to 45 million after falling to 14.09 million US dollars in 2012 from 34 million dollars in 2011.

Essential oil exports rose 22 percent to 18.4 million after falling 7.9 percent 2012.

SAPPTA said value and volumes were both up with value added products also helping revenues.

SPPTA said higher production by small holders who were helped by agricultural extension services and a fertilizer subsidy contributed to the growth.

Two centuries ago spices and areca nut were Sri Lanka's key exports contributing to the majority of government revenues.





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Last modified: December 18, 2013.

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