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Why Ceylon Cinnamon Is So Expensive | So Expensive — Transcript

by Business Insider · 732 words · 137 segments · language en · Watch on YouTube

Full transcript

  1. 0:00[Music]
  2. 0:01sale and cinnamon is native to just
  3. 0:03one region of the world and producing it
  4. 0:06requires hours of delicate work
  5. 0:10even the most skilled workers can make
  6. 0:12only a few pounds of quills a day
  7. 0:15one pound of cinnamon quills can cost 27
  8. 0:18but not all spices labeled cinnamon are
  9. 0:20the ceylon variety
  10. 0:22many in the western market are actually
  11. 0:24cheaper types of cinnamon called cassia
  12. 0:27so what makes ceylon cinnamon so
  13. 0:29favorable and why is it so expensive
  14. 0:40salon cinnamon is named after the old
  15. 0:42british name for sri lanka
  16. 0:44and it is often considered real cinnamon
  17. 0:48it is made from the dried inner bark of
  18. 0:49a tree called cinnamom verum
  19. 0:54growing these trees is an investment
  20. 0:57farmers must wait four years after a
  21. 0:58tree is planted before they can begin
  22. 1:00harvesting
  23. 1:03at harvest workers break down the
  24. 1:05branches early in the morning
  25. 1:06when the bark is still moist again
  26. 1:14[Music]
  27. 1:24foreign
  28. 1:27must continuously care for the trees
  29. 1:29throughout the year
  30. 1:30otherwise the branches won't be suitable
  31. 1:32for making cinnamon at all
  32. 1:52foreign
  33. 1:58the rigorous nature of this job has only
  34. 2:00just begun
  35. 2:04now peelers must do the delicate and
  36. 2:06essential work of stripping the inner
  37. 2:07bark of each branch by hand
  38. 2:29this is the most labor intensive part of
  39. 2:31the process
  40. 2:32and it's not as easy as simply shaving
  41. 2:34the outside of the bark
  42. 2:35as you would the skin from a potato to
  43. 2:38produce the most valuable cinnamon the
  44. 2:40bark must be made extremely thin
  45. 2:42the thinner the quills are the more
  46. 2:44costly they will be
  47. 2:45ruanpora has spent 40 years mastering
  48. 2:48this skill
  49. 2:51soon after the bark is removed each
  50. 2:53piece dries under the sun
  51. 2:54and curls up within a few minutes after
  52. 2:57drying the small pieces are stuffed
  53. 2:59inside a straight piece of bark
  54. 3:01forming one 42 inch quill
  55. 3:05by the end of a long day workers will
  56. 3:07have only produced about three pounds of
  57. 3:09quills
  58. 3:10those then need to dry for three to four
  59. 3:12days before they're packed into bales
  60. 3:15and sent off to a separate facility
  61. 3:17that's where they'll be graded and
  62. 3:18officially priced based on their width
  63. 3:22pd romance and sons buys bales of
  64. 3:24cinnamon from various peelers
  65. 3:26at its facility quills are graded over
  66. 3:2710 scales
  67. 3:29the most valuable quills are classified
  68. 3:31as alba
  69. 3:32it takes a peeler four times longer to
  70. 3:34produce one kilogram of alba
  71. 3:36than to produce the same quantity of
  72. 3:38lower grades
  73. 3:52the leftovers smaller cuts are turned
  74. 3:54into ground cinnamon
  75. 3:55and make up the cheapest form but even
  76. 3:58the most valuable quills are often
  77. 4:00confused with a more widely accessible
  78. 4:02and cheaper variety of cinnamon
  79. 4:06[Music]
  80. 4:12um
  81. 4:20comes from another kind of cinnamon tree
  82. 4:22called cinnamom cassia
  83. 4:24and it doesn't require as much time or
  84. 4:26effort to make cassia bark is hard and
  85. 4:29sturdy
  86. 4:29so quills are made as one curled piece
  87. 4:31of bark without the fillings
  88. 4:33ceiling cinnamon on the other hand is
  89. 4:35tender and soft
  90. 4:37and needs those inner layers to prevent
  91. 4:38the quill from breaking
  92. 4:40me
  93. 4:51is very fragrant and brown whereas real
  94. 4:54cinnamon is paler with a milder
  95. 4:56flavor cassia also contains on average
  96. 4:59higher levels of coumarin an organic
  97. 5:01compound
  98. 5:02that can cause liver damage if consumed
  99. 5:04in large amounts
  100. 5:05this is why researchers say ceylon
  101. 5:07cinnamon is ultimately the healthier
  102. 5:09option
  103. 5:11but if you're buying cinnamon in the u.s
  104. 5:13it can be hard to tell the difference
  105. 5:14between them
  106. 5:15part of the confusion between the two
  107. 5:17comes from the use of the label cinnamon
  108. 5:20in the u.s it is legal to label both
  109. 5:22ceylon and cassia cinnamon as cinnamon
  110. 5:25while in the uk and other countries
  111. 5:27cassia must be labeled cassia
  112. 5:29and cannot be classified simply as
  113. 5:31cinnamon
  114. 5:32regardless of what it's called in the
  115. 5:34u.s consumers worldwide prefer the real
  116. 5:36thing
  117. 5:39in 2018 ceylon accounted for more global
  118. 5:42cinnamon revenue than any other variety
  119. 5:45but even as demand is expected to grow
  120. 5:47through 2025
  121. 5:49climate change poses a serious threat to
  122. 5:51cinnamon production
  123. 5:53in recent years sri lanka has
  124. 5:54experienced droughts over several months
  125. 5:57and these long periods of dry weather
  126. 5:59can kill cinnamon trees
  127. 6:01which need marshy wet soil to survive
  128. 6:04there's also a shortage of cinnamon
  129. 6:06peelers another threat to production
  130. 6:08that's likely to drive up prices
  131. 6:11this industry relies on experienced
  132. 6:13peelers who can practice the difficult
  133. 6:15work
  134. 6:16of making these quills over many years
  135. 6:25[Music]
  136. 6:46foreign
  137. 6:56foreign

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