May 02,2022
Vanilla considered to be a mild crop which requires a labor-intensive process to grow and fertilize, Sri Lankan vanilla farmers on average produce around 1.5 metric tons of hand cured vanilla beans which are consumed locally and exported to all corners of the world. Vanilla being one of the most widely used flavoring agents in the flavor ingredient in the confectionery industry, Studies reveal that the global vanilla market accounted for USD 510 million in 2018 and is expected to reach around USD 735 million by 2026.
With the growing demand for Vanilla in the global market where Vanilla has a 6 to 1 weight loss when producing cured vanilla beans from green beans, Planters & Exporters of Vanilla is seeking ways and means of maximizing their produce on continuous basis. Royal Plantations acquired their 3rd Plantation Land in Kegalle, a town located in Kegalle District,Sabaragamuwa Province of Sri Lanka. The land already has a nursery of Vanilla plantation which will save Royal Plantation the time in Manuring & Pollination.