Iran sanctions cause SL tea prices to fall
Sri Lanka's tea prices dropped this week as sanctions against Iran affected the state's exports, reports Xinhua.
According to one tea broker, John Knells Ltd. average prices have been steadily falling from 452 rupees per kilo at sale in late September, to 407.31 rupees in mid-October.
Sixty percent of Sri Lanka's tea exports is to the Middle East, with Iran one of the largest importers.
