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Saffron: 90% surge in prices

November 10, 2021 9:13 AM, Der AUDITOR
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TEHRAN. Although Iran’s saffron exports have only declined by 2% between March and September as opposed to the same period last year, the export value has slumped by as much as 39%. The harvest season has started but prospects are far from encouraging with prices surging by as much as 90%.

Curious export figures

Iran shipped 95,708 kg of saffron worth more than USD 47 million overseas between 21 March and 22 September as official customs statistics show. While this is only 2% down in terms of weight on the 98,211 kg exported in the same period last year, the export value ranges 39% lower than the USD 77 million generated last year. One reason for the slump in export value is the depreciation of the Iranian rial against the US dollar. Traders state that prices range much lower than in 2018 when the US withdrew from the nuclear deal and imposed sanction

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