Coffee
A historic drought in the world’s biggest coffee-growing country, Brazil, and a harvest-hurting fungus in the coffee-bean havens of Central America crimped the world’s supplies for much of the year, driving up prices. But rainfall returned to Brazil in force last month, helping quench its worst dry spell in 80 years, and that has raised expectations for this year’s crop and driven futures prices down.
Spices
The Government has taken steps to uplift the Cinnamon production in Sri Lanka to target international market. Cinnamon, indigenous to Sri Lanka is the pride among world’s spices. Sri Lanka is the world’s largest cinnamon producer and accounts for about 70 per cent of the global production, while cinnamon exports from Seychelles have steadily increased. However, cassia a cinnamon like spice obtained from the bark of a plant related to cinnamon is widely traded as a relatively cheap substitute for cinnamon.