Spices

Saffron: mixed outlook for new crop

September 28, 2020 11:53 AM, Der AUDITOR
Play report as audio

TEHRAN. The saffron industry generates a global annual turnover of USD 8 billion. Although Iran is the biggest producer, the country only receives around 5% of this amount. Problems are the challenges suppliers face in the export market.

Excessive customs duties

As much as 99% of exports are done raw and in bulk, whereas countries supplying final and processed saffron generate much higher profits as the spice is used in a wide range of industries. These comprise the food, pharmaceutical and cosmetic sectors. Perfumes, flavours and extracts are made from saffron, which are ten times more expensive than the raw material.

Customs statistics show that exports have risen by 4% over the last five months as compared with the same period last year. Exports would have been even higher without the pan

View related articles

Go to the News Overview
Spices
Aug 4, 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
Aug 1, 2022
TEHRAN. Iran’s cumin market is bustling with activity as the new crop has arrived. Agricultural organisations have issued production estimates for Mashhad in the Khorasan Razavi province and for the South Khorasan Razavi province.
Spices
Aug 1, 2022
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.
Spices
Jul 29, 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.