Spices

Saffron: exports slump by 80%

March 23, 2020 12:00 AM, Der AUDITOR
Play report as audio

TEHRAN. As Iran celebrated Nowruz, the Persian New Year, over the weekend with reports voicing concerns that too many Iranians ignored request to stay at home, the Saffron Exporters Union announced that travel restrictions have prompted an 80% decline in saffron exports. Meanwhile, Covid-19 is spreading in the country with concerns being voiced that the death rate may climb to 3.5 million people if the country fails to act appropriately.

Flights to Dubai to resume

The export figure was issued in the Khorasan Razavi Province, which is the largest producing region Iran. Problem is that travel is largely restricted to other countries and commercial flights have declined in number. Traders, nevertheless, report that negotiations are being held with neighbouring countries to maintain traffic. Problem, however, is that important buyers include Dubai, Italy and China. While Italy and China are worst hit by the coronavirus Dubai has also restricted imports. Flights are, however, to resume over the next few

View related articles

Go to the News Overview
Spices
Jan 21, 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
Jan 19, 2022
TEHRAN. Iran’s export figures for 2021 show that demand for saffron is relatively firm but that prices have basically collapsed. Exports have also shifted in terms of packaging. Traders, in addition, report that prices have reached a turning point.
Spices
Jan 14, 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
Jan 10, 2022
TEHRAN. Traders in Iran report that monthly cumin exports have slumped by more than 90% in November 2021 as opposed to the same period in 2020. Issue is that prices in other producing countries such as India are far more attractive than in Iran. This has prompted a sharp shift in demand.