Sri Lanka tea exporters say they hope the United States would agree to a mechanism to settle payments for oil imports from Iran with tea. We are very optimistic that the US would be intervening where Sri Lanka would be paid in US dollars for tea exports to Iran, where sanctions prevent the Iranian tea importers to transact business in dollars, ...

By Xinhua COLOMBO, Oct. 30 (Xinhua) -- Sri Lankan tea typically exported to Iran has come under strain as prices dropped this week causing concern for the industry, a broker said in a statement Tuesday. According to tea broker John Keells Ltd., averages have been plummeting steadily from 452 rupees (3.50 U.S. dollars) per kilo at sale in late ...