Spices

Saffron: little incentive to sell legally

August 1, 2022 at 10:31 AM , Der AUDITOR
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TEHRAN. Iran officially only exported 87,476 kg of saffron worth USD 87 million between January and June. High prices are, however, not the only problem.

Volume vs value

Exports in fact slumped by more than 43% in terms of volume on the 154,366 kg shipped overseas between January and June 2021. Issue is that the crop size ranged 50-70% lower in 2021/2022 due last year’s summer drought. This caused world market prices to start to surge by 100% at the end of October. While average export prices still ranged at USD 493/kg in the first half of 2021, they surged to USD 994/kg in the same period this year. Prices peaked in April and have only nominally declined since. Discrepancy, therefore, is that although export v

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