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Saffron: China slashes duties

July 20, 2023 at 12:56 PM , Der AUDITOR
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TEHRAN. Iran’s saffron exports have surged by 66% in the past three months. Suppliers are not only profiting from the depreciation of the Iranian rial but also from China’s decision to slash customs duties by more than 30%.

Exports to hit pre-pandemic levels

Exporters finally have some good news in store for saffron. Issue is that exports have surged by 66% to around 239 mt between March and June 2023 as compared with the same period last year. Confidence persists that exports will reach pre-pandemic levels at the end of the Iranian year on 20 March 2024. If this pace continues there is indeed a good chance that total exports will exceed the 325 mt last registered in 2019/2020.

Issue is not only that saffron prices are much more attractive than last year but also that China sla

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