Workshop promotes sustainable cinnamon development following new market trends
- Friday, December 22, 2023
YBO – The Department of Agriculture and Rural Development of Yen Bai province recently coordinated with the Sustainable Trade Initiative (IDH), the Centre for Rural Economy Development (CRED) and Nedspice Processing Vietnam Ltd. in organising a workshop on sustainably developing cinnamon in Yen Bai province following new market trends.
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Delegates sign a memorandum of understanding on cooperation in developing cinnamon raw material areas sustainably.
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At the event, experts and representatives from businesses provided updates on requirements and regulations on sustainable production and trade in the spice industry, the EU regulation on deforestation-free products (EUDR) and implementation indicators, changes in Organic certification and issues affecting sustainable development of the cinnamon value chain, and international organic standards.
Representatives from the organising units signed a memorandum of understanding on cooperation in developing cinnamon raw material areas sustainably.
Yen Bai's cinnamon essential oil is only a low-value crude essential oil product, while the development potential for its cinnamon product processing industry remains huge.
The province currently has over 81,000 hectares of cinnamon, including over 38,000 hectares of specialised cultivation, mainly in Van Yen and Tran Yen districts. The organic-certified area reaches 14,509 hectares. In 2023, the output is estimated to reach about 18,100 tonnes of dry cinnamon bark, over 200,000 cu.m of wood reclaimed after bark exploitation, and about 87,200 tonnes of branches and leaves, providing raw materials for processing pharmaceuticals, food, and essential oil.
The total revenue from cinnamon products reaches nearly 1 trillion VND (41.2 million USD), accounting for 41% of the province's forestry production value. Currently, the province has 16 essential oil distilleries using boiler technology to extract essential oil, with a total capacity of 1,000 tonnes of essential oil products a year.
Cinnamon bark and most of cinnamon essential oil are mainly exported to markets such as China, the Republic of Korea, Taiwan (China), Japan, Russia, the US, and India, while handicrafts and cinnamon powder mainly serve domestic needs.
With cinnamon accounting for over 32% of the province's planted forest area, it can be said that potential for the development of the cinnamon product processing industry is huge, in which deep and fine processing to increase the value of cinnamon products will attract big investment and development resources in the coming time./.
PV