February 23, 2021 10:04 AM
Editorial content from Der AUDITOR
Latest News - Spices / herbs

Saffron: Spain profits from Iran’s international isolation

TEHRAN. Although Iran supplies as much as 95% of all saffron traded in the international market, only around 5% of global turnover returns to the country. Spain reaps most profits instead, while suppliers in Iran lose out due to a number of problems.

 

This reports contains

- an exclusive market update on Iran
- the latest prices in Iran
- current export figures
price charts

View the Food Commodity Almanac for 2021.

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Spice market update: weak demand and high freight rates dampen trade
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
5/7/21
Saffron: illegal smuggling is not the only problem
TEHRAN. Although Iran successfully stepped up saffron exports, much is left to be desired. Exports hit more than 322 mt in March 2020 through to March 2021, despite the sanctions. Performance may have, however, been much better. Suppliers emphasise that illegal smuggling activities are not the only problem, but that packaging is key to drive up sales.
5/6/21
Spice market update: pandemic has markets firmly in its grip
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
4/30/21
Spice market update: cardamom farmers fear for harvesters
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
4/23/21
Saffron: traders ruin market for themselves
TEHRAN. While saffron exports are up on last year, suppliers in Iran have little cause to celebrate. Issue is not only that export prices have slumped but that traders mainly have themselves to blame.
4/22/21
Cumin: production estimates are not that bad
TEHRAN. Black cumin is mainly grown in Iran’s Khorasan Razavi province. Global demand is normally high with export destinations located in more than 40 countries. Although traders report that the pandemic has disrupted exports, production estimates are not that bad.
4/22/21
Spice market update: Turmeric exports to Bangladesh at a standstill
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
4/16/21
Spice market update: high demand for chilli
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
4/9/21
Saffron: slump in exports
TEHRAN. Iran’s saffron exports have declined sharply over the past 11 months in terms of value. In February, exports even lost more than 50% in value. Traders not only attribute this trend to exchange rate fluctuations.
4/8/21
Spice market update: coriander traders expect price increases
GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
4/1/21
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Harvest dates
Next harvest dates for Saffron
Country
Start of harvest
Iran
10/1/21
India
10/1/21
Greece
10/20/21
Marokko
10/20/21
Spain
10/20/21
Find out more
Crop sizes

Crop sizes for Saffron
Country
Year
Crop size
Iran
2019
430 mt
Afghanistan
2019
19.65 mt
Iran
2018
404 mt
Afghanistan
2018
12.96 mt
Spain
2018
1.35 mt
Afghanistan
2017
10.6 mt
Spain
2017
1.57 mt
Iran
2016
336 mt
India
2016
22 mt
Greece
2016
7.2 mt
Find out more