Spices

Saffron: boost in export demand

June 2, 2021 12:33 PM, Der AUDITOR
Play report as audio

TEHRAN. The prices for saffron have been slashed by more than 50% in recent years. Although producers in Iran are struggling with this development, the upside is that international demand has been boosted. Exports have, nevertheless, declined sharply in March/April.

The top 5

Saffron exports rose by 30% to as much as 322,722 between 20 March 2020 and 20 March 21 as compared to the same period in 2019/2020. Although Iran shipped the spice to more than 60 destinations across the world, only five countries account for the lion's share of 79% of the total volumes shipped overseas in 2020/2021. As much as 257,314 kg were shipped to Hong Kong (23% of all volumes shipped), the United Arab Emirates (18.4%) and Spain (15%), followed by China (12.3%) and Afghanistan (10.4%). The total export value of USD 148.68 million generated by these

View related articles
Go to the News Overview
Spices

Spice market update: price turnaround in India

GUJARAT. Weekly monitoring with the latest market update from India on cumin, coriander and turmeric, chilli, black pepper and cardamom along with a price list for more than 70 food products.
7/21/21, Der AUDITOR
Spices

Spice market update: cardamom prices stabilise

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
7/16/21, Der AUDITOR
Spices

Saffron: heading towards disaster

TEHRAN. Although exports are up and demand is certainly there, suppliers in Iran are anything but happy with the current developments in the saffron market. Not only have prices hit rock bottom but traders are angry with officials. In failing to consider international developments the market is now placed in a rather difficult position.
7/16/21, Der AUDITOR
Spices

Cumin: simply impossible to compete with India

TEHRAN. Iran’s cumin exports slumped by 86% to as little as 198 mt in March-June as compared with last year. Traders state that it is simply impossible to compete with prices in India. This is, however, not the only reason why exports have slumped.
7/15/21, Der AUDITOR