Gov’t Increases Guaranteed Purchase Prices for Tea by 45%

The government has set its guaranteed purchase price for tea at 66,900 rials ($0.3) for top-quality tea leaves and 47,810 rials ($0.2) for other varieties in this year’s harvest, both showing a 45% increase compared with last year’s prices, according to the head of Iran Tea Organization.
“Harvest began on April 21 and purchases on the 24th. Farmers are pleased with the prices announced by the government this year, just as they were last year. Moreover, 160 tea factories are ready to purchase farmers’ yields. These factories can make purchases at higher prices based on quality,” Habibollah Jahansaz was also quoted as saying by IRNA.
Every year, the government buys strategic crops, including tea as well as wheat, sugarbeet, barley, cotton boll and oilseeds, from local farmers at guaranteed prices to control prices in the domestic market and fill its strategic reserves.