Cinnamon is the leading spice commodity of Sri Lanka. It contributed to approximately 54% of total spice exports and accounted for 8% of total agriculture exports in terms of values, in 2017. During the last decade, Sri Lanka has dominated the world market in cinnamon exports. But, meeting quality standards is a major problem faced by Sri Lanka’s cinnamon exporters. This blog by Dilani Hirimuthugodage focuses on the major quality constraints faced by cinnamon exporters in Sri Lanka and provides recommendations, based on a recent IPS study.
According to a study by IPS on ‘Women-owned and Led Micro, Small Medium Enterprises (WMSMEs) in Spice and Coir Sectors of Sri Lanka’, it was found that more than half of the women surveyed, ranked ‘financial concerns’ as the biggest barrier to operating and expanding their businesses. Using the experiences of one such female entrepreneur, this blog illustrates key strategies to encourage and accelerate the gainful participation of WMSMEs in Sri Lanka’s economy through easy and affordable access to finance.