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Saffron: crop decline does not leave prices unaffected

October 12, 2021 12:24 PM, Der AUDITOR
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TEHRAN. Saffron cultivation in Iran is expected to be significantly smaller this year. As a result, the first price adjustments have been observed in recent weeks.

Decline in saffron production

In Iran's Khorasan-Razavi province, the saffron harvest this year runs until around mid/end December. Higher workers' wages and water shortages made cultivation less lucrative for many growers this year. In addition, saffron prices have become much cheaper compared to last year. An estimated 91,000 ha are said to have been planted for this year's crop and market players expect production to decline by 35-45% year-on-year. However, market players do not provide a more precise estimate at this time.

Between the end of Ma

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