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Tea farmers in Iran earn more as sales to state increase

Business Materials 26 May 2020 12:07 (UTC +04:00)
Tea farmers in Iran earn more as sales to state increase

BAKU, Azerbaijan, May 26

By Elnur Baghishov – Trend:

The volume of tea leaves purchased from farmers in Iran during one month ( April 25 - May 25) increased by 7 percent compared to the same period last Iranian year, Chairman of Iran Tea Organization Habib Jahansaz told Young Journalists Club (YJC), Trend reports.

According to Jahansaz, in one month, 51,600 tons of tea leaves worth 2.3 trillion rials (about $54.7 million) were purchased from farmers in Gilan and Mazandaran Provinces.

Jahansaz added that so far, 430 billion rials (about $10.2 million) funds have been paid to farmers and the rest will be paid within 10 days.

The official said that in one month, 11,000 tons of dry tea was processed in Iran, which is 7 percent more than in the same period of the preceding Iranian year.

"It is forecasted that 30,000 tons of dry tea will be produced in Iran in the current Iranian year (began March 20, 2020)," he said.

Jahansaz said that 105,000 tons of tea is consumed annually in Iran.

It is forecasted that 130,000-135,000 tons of tea leaves will be purchased from farmers this year.

The price of first-class tea leaves is 46,000 rials (about $1.09), and the cost of second-class tea leaves is 33,000 rials (about 78 cents) this year.

As much as 126,700 tons of tea leaves worth 3.42 trillion rials (about $81.5 million) were purchased from farmers in Iran's Gilan and Mazandaran provinces last Iranian year.

In Iran, some products such as rice, sugar beet, wheat and tea are purchased from farmers by a state-owned company under a guarantee and paid for in installments.

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