Export of Indian tea to Iran increases significanly

While Iran was importing up to 30 million kilogram of Orthodox Indian tea in a year, the import within the first quarter of 2019, has already passed 27 million kilograms.

The main reason for the increase of imported tea from India is the fear of the US sanctions. Currently Iran and India use the Indian Rupees for trading goods within the two countries. But how long such channels might persist is not clear and as Iran is one of the main markets for the Indian tea, importers have intended to pay beforehand for their goods and secure their purchases.

Prices of black Indian tea compared to a year ago has experienced 7.5 percent growth and has reached nearly 270 Indian Rupees per kilogram.