SRI LANKA: Five year plan to boost spice exports - MEMBERS
The Sri Lankan government has adopted a five-year plan to boost annual national income from exports of spice and allied products from SL Rupees 6.5bn (US$67m) in 2001 to SL Rupees 30bn in 2006.
An optimistic Minister of Commerce and Consumer Affairs Ravi Karunanayake told the Spices and Allied Products Producers and Trade Association (SAPPTA) that revenues will increase to SL Rupees 15bn this year.
As well as directly promoting exports, he said that the government would shore up production, maybe by doling out land to would-be producers.
Half of the 40,000 tonnes of chilli consumed by Sri Lankans annually is imported, Karunanayake noted.
Weak branding, research and standardisation also needed attention, SAPPTA heard.
By just-food.com correspondent Swineetha Dias Wickramanayaka, in Columbo
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- Kerry's Scanlon to replace McCarthy as CEO