Tea prices rising in Iran

Business Materials 9 April 2019 20:19 (UTC +04:00)

Baku, Azerbaijan, April 9

By Elnur Baghishov – Trend:

According to Iran’s Economic Council, the price of 1 kg of first-grade tea increased by 20 percent to 37,200 rials (app. $0.88), Habib Jahansaz, head of Iran Tea Organization, told journalists, Trend reports referring to the Young Journalists Club (YJC).

According to Jahansaz, second-grade tea increased by 21 percent and reached 18,400 rials (app. $0.44).

Jahansaz, who was disappointed by the slight increase in tea prices by the Economic Council, said the price was not in Iranian rials.

"Because the smuggling of tea from the country had to be prevented and, due to the devaluation, tea prices should have greatly increased," he said.

Jahansaz, who said that tea-growing is one of the main occupations of the population of Iran’s northern Gilan Province, added that production should increase in order to make the depreciation of tea prices less noticeable.