Spices

Saffron: market starts to recover

August 20, 2020 1:12 PM, Der AUDITOR
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TEHRAN. The coronavirus-related disruptions to Iran’s saffron exports have been harsh. There are, however, first signs of recovery with the market slowly but surely returning to a more normal state. Traders reckon that exports are not doing too badly.

Exports approach last year’s levels

As some countries resumed buying the market witnessed has sharp increase in prices over the last two months, most notably for premium Negin saffron. Average prices rose by 7-8% in this period. In June, overseas shipments even nearly reached a similar level as last year. Traders also report that the market is much calmer now than in July when the impact of the pandemic was much more present.

Attention is now shifting towards the new crop. Production is set to rise by 10-15% over the 500 mt produced last year. Farmers

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