Spices

Saffron: climate change far from only problem

May 17, 2022 10:14 AM, Der AUDITOR
Play report as audio

TEHRAN. While Iran’s saffron exports slumped by 60% in April, average export prices nearly tripled. Now, the market has started to turn. Not, however, because buyers have had enough but rather because hopes are low that Iran’s nuclear deal will be revived - and yet, some progress has recently been made.

Costly incompetence

Iran shipped as little as 6,515 kg of saffron overseas in April. This is a 60% decline on the 16,096 kg exported in April last year. Average export prices have, by contrast, soared by 160%. While prices still ranged at USD 485/kg in April 2021, they hit USD 1,260/kg last month. Although the sharp decline in production and low market inventories are certainly to blame for these developments, suppliers point out that last year’s drought and excessively high temperatures in summer are not the only issue.

Besides the climate crisis, the

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.