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Saffron: buyers to be less lucky

August 30, 2022 at 12:48 PM, Der AUDITOR
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TEHRAN. Although last year’s saffron production declined sharply in Iran, traders reckon that the price increase has been surprisingly modest this season so far. Buyers may, however, be less lucky next season, especially since production is set to decline further.

Climate change and other factors

Last year’s production ranged as low as 180 mt marking a 58% slump on the 430 mt of saffron produced the year before. Drought coupled with the unprecedented heat recorded in summer and dissatisfied farmers also spell bad news for this year’s production, which is expected to decline by another 20-50%. Growers, in fact, receive a shocking lack of support, production costs are high and dealers tend to buy directly from farmers at low prices during the harvest season, which does not help production.

For suppliers it i

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