Sri Lanka Iran conflict hits tea sector
The tea industry in Sri Lanka is significantly affected by the crisis resulting from the Iran war, which has led to rising energy prices, reduced exports, and disruptions in supply chains. Tea revenues declined by 17.3% in March, with a substantial decrease in shipments to Iraq and the UAE, and the Iranian market also contracted. This situation threatens the country's struggling economy and exacerbates the suffering of workers and farmers living below the poverty line.
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