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Commodities

Cinnamon prices rise in a world thirsty for chai and lattes

Beloved spice also finds its way into skin care products and toothpaste

Growth in demand is outstripping that of production, putting upward pressure on cinnamon prices.   © Reuters

TOKYO -- Cinnamon is growing costlier as consumers across the globe sip more specialty teas and coffees.

In Japan, import prices of cinnamon averaged 499 yen ($4.56) per kilogram in 2019, more than doubling from a decade earlier. High-grade cinnamon for Japan now trades at around 4,000 yen per kilogram, up 30% over five years, according to an official at a specialized trading house.

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