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Spice+and+allied+products+turnover+to+hit+US+%24+500+m+by+2015
Monday, 17 September 2012 - 8:31
Spice and allied products turnover to hit US $ 500 m by 2015
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Sri Lanka is expected to top its turnover of spice and allied products to 500 million US dollars by 2015.

There is a higher demand for value added cinnamon products such as cinnamon leaf oil, bark oil, crushed cinnamon and ground cinnamon for confectionery and other food related industries in the world.

According to a source of the Export Development Board, the income earnings from cinnamon exports should be doubled by increasing the value addition of cinnamon, though Sri Lanka is the largest supplier of cinnamon exports to the world spice market.

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