Iran's tea imports from India fall by 25%

Iran's tea imports from India fell by nearly 25%to 10 million kg in January-August.An official of the Indian Tea Association said after payment settlement issues between the two countries were resolved they wrote a letter to the Indian officials to be informed of the mechanism, but they have not received a response yet. "We have come to know from the media that the Iran payments crisis is resolved. Subsequently, we have written to the Finance Ministry 15 days ago seeking confirmation and the modalities involved. So far, no response has come from the government." The official said that Iran is a major importer of the high quality orthodox tea, and the fall in exports to Iran inflicted a heavy loss on the Indian tea industries. He said exporters are stuck with the consignments of orthodox tea, waiting for the Indian Finance Ministry's response.