Samagi Spice Exports wins Presidential Export Award

Tuesday, 30 October 2018 01:22 - - {{hitsCtrl.values.hits}}

Samagi Spice Exports Chairman and Managing Director Janaka Abeyratne receiving the Presidential Award from State Minister of National Policies and Economic Affairs

Dr. Harsha De Silva

The market leader in exporting cinnamon, Samagi Spice Exports Ltd. excelled at the Presidential Export Awards 2018, organised by the Export Development Board (EDB), by bagging an Export Excellence Presidential Award as the ‘Highest Foreign Exchange Earner’ in the ‘Spices and Concentrates’ category. The prestigious award was received by the Samagi Spice Exports Chairman and Managing Director Janaka Abeyratne from State Minister of National Policies and Economic Affairs Dr. Harsha De Silva. Having a reputed name for exporting cinnamon, Samagi Spice Exports also exports pepper, garcinia, and areca nut to foreign markets. Samagi Spice Exports was able to become the number one exporter in the field in the very first year of their entry to the export market, and has been able to achieve the market leader position in exporting cinnamon, having 30% market share. Their market is predominantly in 23 countries, including USA, Mexico, Peru, Nicaragua, Chile and Spain.

Samagi Spice Exports Chairman and Managing Director Janaka Abeyratne, commenting on the award, stated: “We are absolutely delighted about our ability to have turned down the monopoly exercised in the exportation of cinnamon, thus being able to give a higher price to local farmers. We are really happy to have our contribution in the export sector as the number one exporter recognised.” Samagi Spice Exports has won a number of NCE Awards in the Spices and Concentrates Category from 2014 to 2018 continuously, as the market leader. They received the NCE Gold Award at the NCE Export Awards 2018, held at Colombo Hilton in September 2017. Abeyratne won the Young Entrepreneur Gold Award at the FCCISL Awards in 2015.