Mapping Possibility of Cost Effective Sourcing of Cinnamon in India

Ram Singh *, Hemant Kumar Singh **
Periodicity:June - August'2018

Abstract

Cinnamon is on the most powerful spice on earth and scientist has ranked it as wonder spice for its medicinal values and properties. Cinnamon is a favorite household for Asian family and also has become popular in western cultures in the last one century. Key Producers are Indonesia, China, Viet Nam and Sri Lanka and key importers are Mexico, USA, India and Bangladesh. India is a net-importer of Cinnamon from countries such as Indonesia, Viet Nam and Sri Lanka as domestic supplies are too small to meet the growing demands of domestic consumption and export demand of value added spices wherein cinnamon is mixed with other spices. Paper aims to understand the existing import regime of cinnamon in India including tariff and non-tariff issues, duty preference regime under various negotiated Free Trade Agreement, issues of certificate of origin, compliance costs and cost-effective suppliers. Sourcing of cinnamon is vital to growing needs of domestic consumption, spices preparation and meeting export demands of value added spices orders in world market.

Keywords

Cinnamon Imports, Low Cost Import Opportunities, Supply Side Capabilities, Duty Preference Regime, Certificate of Origin

How to Cite this Article?

Singh, R., and Singh, H.K. (2018). Mapping Possibility of Cost Effective Sourcing of Cinnamon in India. i-manager’s Journal on Management, 13(1), 44-54.

References

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