Guwahati, June 25 -- The return of calm in the Middle East following the 12-day war between Iran and Israel has brought a wave of relief for Indian orthodox tea exporters.
With Iran being one of the largest buyers of premium Indian tea, the ceasefire has helped stabilise auction markets across the country after two weeks of uncertainty and losses.
During the conflict, tea exports to Iran came to a virtual halt, triggering panic in major auction centres such as Kolkata and Guwahati.
Traders reported a 10% dip in sales of orthodox tea, a premium variety especially popular in Iran. The escalation had also disrupted logistics, with consignments getting held up at ports like Nhava Sheva and insurance concerns compounding the problem.
Now, wi...