Exports 44% down
Iran shipped 55,759 kg of saffron worth USD 49.335 million overseas in the first quarter of the year. While the export volume has declined by 44% on the 99,178 kg shipped on the same period last year, the export value has risen nominally on the USD 49.310 million generated last year. Reason is that prices have surged. Average export prices have, in fact, climbed by 78% to USD 884/kg since last year due to drought-related damages to production. Suppliers shipped around 70% of the volumes exported or 38,984 kg worth USD 33.051 million in bulk.