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Iran reveals amount of funds paid to tea farmers

Business Materials 9 June 2020 16:37 (UTC +04:00)

BAKU, Azerbaijan, June 9

By Elnur Baghishov – Trend:

About 60 percent of the cost of tea leaves purchased from farmers was paid out by the government so far, Chairman of Iran Tea Organization Habib Jahansaz said, Trend reports referring to the organization’s official website.

According to Jahansaz, today (June 9), 427 billion rials (about $10.1 million) funds were paid to farmers.

Jahansaz added that so far, 1.46 trillion rials (about $34.7 million) funds have been paid to farmers.

The official said that the remaining 940 billion rials (about $22.3 million) funds will be paid in installments.

The official noted that 54,000 tons of tea leaves worth 2.4 trillion rials (about $57.1 million) were purchased from tea farmers this Iranian year (began March 20, 2020).

"About 47,400 tons of purchased tea leaves were first-class and the rest were second-class tea," he said.

Jahansaz said that so far, more than 12,000 tons of tea have been produced at tea processing plants.

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

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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