Spice exports to EU increase

Sri Lanka's spice and herbal product exports have grown steadily over the years, said Head of Mission, European Union (EU), David Daly at the 10th Annual General Meeting of the Spice Council last week.

He said that the EU imports around 28,500 tonnes of spices from developing countries and added that imports from Sri Lanka is on the rise.

“Sri Lanka's spices have great demand in the EU. The country should focus on exporting more valued added products to enhance export revenue. Exporting to the EU is challenging.

Exporters should focus on quality products. The food and heath standard in the region is high,” Daly said.

He said that despite all these challenges it will still be rewarding if exporters adhere to trade regulations of the EU and boost export of value added products to the region.

The EU is a major market for Sri Lankan spices. Exports to the region have grown 11 percent year-on-year. Export revenue from spices to the EU was US$ 236 million last year which was a 55 percent growth compared to the previous year.

Spice Council, Chairman, Sarada de Silva said that the industry is optimistic of a better fourth quarter with improved weather and global market conditions. Spice exports last year grew by a round six percent.

Export revenue slumped early this year due to adverse weather conditions. Exports of cinnamon, pepper, cloves, essential oils and other spice products did well last year.

de Silva said that the percentage of value addition has increased and the country exports organic essential oils, oleo resins, flavours of most spices and herbal products.

The Council called upon the government to accede to the Madrid and Lisbon agreements which will help Sri Lankan companies in branding and registering trade marks.