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Saffron: export prices surge by 115%

March 17, 2022 12:11 PM, Der AUDITOR
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TEHRAN. Although Iran’s saffron exports slumped by more than 30% in February as opposed to last year, revenues are more than 40% up. This is because the reduction in production has driven up average export prices. Domestic prices also range higher this season.

Sharp declines in production cause prices to surge

Iran exported 19,067 kg of saffron worth USD 20.128 million in February. While exports have declined sharply by 33.7% in terms of volume, they have, by contrast risen sharply by 42% in terms of value on the 28,771 kg worth USD 14.154 million shipped overseas in February 2021. While average export prices ranged at USD 492/kg in February last year, they surged by 115% to USD 1,056/kg this year. At 15,449 kg, bulk shipments account for 81% of exports in February 2022.

Drought significantly reduced production in

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