Spices

Saffron: 90% surge in prices

November 10, 2021 9:13 AM, Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Spices
Jun 24, 2022
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.
Spices
Jun 20, 2022
TEHRAN. While the prices for saffron have nearly doubled on last year, exports have slumped between January and May as last year’s summer drought is taking its toll on the market. The export prices for Iranian saffron have finally started to shift.
Spices
Jun 17, 2022
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.
Spices
Jun 7, 2022
FERDOWS. Although farmers report that the green cumin harvest is making good progress in Ferdows County in Iran’s South Khorasan Province, it is far from certain if sufficient supplies will be available for export.